Retained earnings refer to the percentage of net earnings not paid out as dividends, but retained by the company to be reinvested in its core business, or to pay debt. It is recorded under shareholders' equity on the balance sheet.

An organization or economic system where goods and services are exchanged for one another or for money. Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.

A business can be a for-profit entity or a nonprofit organization that operates to fulfill a charitable mission.

check it on google. You will find the answer there 

joint stock company

Relaince is a joint stock company.

The social objectives of a business may be summarised as follows :
1. Production of quality goods : The objective of business is not only to provide goods to the society but also to provide goods and services of high quality. The business should also try to improve the quality of goods and services continuously. A businessman may earn good profit by selling adulterated goods. But he cannot carry on his business for a long time like this as adulterated goods may harm customers and his business in the long run. 
2. To charge fair prices : The social objective of business is not only to provide quality goods to the
society but also at reasonable prices. Undue profits earned by increasing the prices of the goods may not last long.
3. To provide employment : The social objective of business is also to provide employment to the society. With the development of business, the need for employees arises. Thus, the business needs the services of good employees. So, the business provides employment to the society. 
4. To provide regular and fair returns to investors : It is also a social objective of business to provide regular and fair returns to investors. Investors invest money and bear risk. So, the investors must be suitably rewarded.
5. To promote the progress of the society : Business is a part of the society. The society provides regular market for goods and services of the business apart from factors of production. The progress of the business is linked with the progress of the society.

6. To pay taxes on time to the government. 

Economic objective of business:

1. A business is set up with the intention of earning an income and profits. Without profits, people are not inspired to set up business.

2. Customer creation: No business can be set up or flourish with out customers. With suffiicient customers, businesses can earn profits.

3. Innovation: A business can survive only by designing new techniques using innovation. By providing good quality products and services to customers, a business can flourish. 

Summary

1. The process of production of goods in large number by using machines is called manufacturing.
2. The economic strength of a country is measured or judged from the development of manufacturing industries.
3. The share of industries to the GDP has is 17% which goes up to 27% when when the contribution of mining, Quarrying, electricity and gas is included.

The industries are classified into different types on different bases.

• Cotton textile industry provides a living to farmers, cotton boll pluckers & workers and other people involved in ginning

(separation of seeds from the cotton), spinning, weaving, dyeing, designing, tailoring and packing.

• India exports its cotton goods to countries like U.S.A, U.K, Russia, France, East European countries, Nepal, Singapore SriLanka and other African countries.
• India ranks number one in the production of raw jute and second in the export of jute.
• India ranks second in the production of sugar but occupies the first position in the production of gur and khandsari.
• This industry is the basic industry since all the other industries depend on it for their machinery.
• Aluminium smelting is the second important metallurgical industry of India after Iron and Steel industry.
• The Indian fertiliser industry is involved in the production of Nitrogenous and Phosphatic fertilisers.
• Indian chemical industry is the third largest in Asia and 12 largest in the world in terms of its size.
• Cement industry plays an important role in the development of infrastructural facilities like factories, roads, bridges,dams etc
• The major centres of automobile industry are Delhi, Gurgoan, Mumbai, Pune, Chennai, Kolkata, Lucknow, Indore, Hyderabad,Jamshedpur and Bangalore.
• The electronics industry produces a wide range of products like, transistors, televisions, telephones, telephone exchanges,computer, radar etc.
• Rapid industrialisation in India has not only led to the economic development. On the other hand it has increased pollution of land, water, noise and air.
• Economic development should be consistent without degrading the environment.

The role of profit in business is very important because  we start business for earning profit and bearing the risks.

Go for poonam gandhi book only.it is the best book.

Ans. An equity share, commonly referred to as ordinary share also represents the form of fractional or part ownership in which a shareholder, as a fractional owner, undertakes the maximum entrepreneurial risk associated with a business venture. The holders of such shares are members of the company and have voting rights.

Preference shares are shares, often with no voting rights, which receive their dividend before all other shares and are repaid first at face value if the company goes into liquidation.

Ans. Share is a unit of ownership that represents an equal proportion of a company's capital. It entitles its holder (the shareholder) to an equal claim on the company's profits and an equal obligation for the company's debts and losses.

Form of business organization

Financial capacity of the business

Cost involved

Risk involved

Tax benefit

Control

Claim over assets

Flexibility

Ans.A Vending machine is a machine that dispenses items such as snacks, beverages, alcohol, cigarettes, lottery tickets to customers automatically, after the customer inserts currency or credit into the machine. The first modern vending machines were developed in England in the early 19th century and dispensed postcards

Business is that kind of economic activity which is conducted on a regular basis with a view to gain profit through sale and purchase of goods and services. 

Ans. A business is an organization or enterprising entity engaged in commercial, industrial or professional activities. 

A company transacts business activities through the production of a good, offering of a service or retailing of already manufactured products.

A business can be a for-profit entity or a nonprofit organization that operates to fulfill a charitable mission.

each of the 100 equal groups into which a population can be divided according to the distribution of values of a particular variable.

• each of the 99 intermediate values of a random variable which divide a frequency distribution into 100 such groups.

  "the tenth percentile for weight"

As you will get order online it will be mail order only. It can be online trade but in our course online trade is not there.so,it will be mail order

It is incorrect, wholesaler can't be the answer. 

The whole process of company formation can be divided into four stages as given below

1. Promotion of a Company
2. Registration of a Company
3. Certificate of Incorporation; and
4. Commencement of the Business.