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  • 1 answers

Harsh Singh 5 years, 4 months ago

Hi jyoti we can minimise business risk by avoding too much risky transaction by taking insurance policy and making provision in current earning
  • 1 answers

Sia ? 5 years, 4 months ago

Survival is the state or fact of continuing to live or exist, typically in spite of an accident, ordeal, or difficult circumstances.

  • 1 answers

Sujal Barawde 5 years, 4 months ago

Business is defind as economic activities which involves the production and sales of goods and services undertaken in motive of earning profit for the human needs for their society
  • 2 answers

Aditya Singh 5 years, 4 months ago

A firm is a organisation or company.

Atif Pasha 5 years, 4 months ago

Explain
  • 1 answers

Mahajan Mahajan 5 years, 4 months ago

Chapter 1 starting a business - basis factors
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Sujal Barawde 5 years, 4 months ago

Economic activities are those activities which are undertaken inorder to earn thier livlihood etc for e.g manager in firm, worker in factory etc. Non economic activities are those activities which are performed out of love, sympathy, sentiments, patriotism etc for e.g mother cooking food for family, boys helping blind man to cross the road etc.
  • 1 answers

Sia ? 5 years, 4 months ago

Economic activities are broadly grouped as Primary activities, Secondary activities, Tertiary activities and Quaternary activities.

  1. Primary Activities: It refers to extraction/utilisation of raw materials from the earth's surface. These include hunting, gathering, pastoralism, fishing, forestry, mining and agriculture.
  2. Secondary Activities: It includes industries that transform raw materials into finished foods having higher value. For example, manufacturing cotton textiles from raw cotton, and iron and steel from iron ore.
  3. Tertiary Activities: It includes all kinds of services provided for the people such as education, health, trade and transport.
  4. Quaternary Activities: It represents special kind of services, which is related to highly intellectual activities. For example, research and development service, information generation, information processing and transmission.
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Ankit Kumar Yadav 5 years, 4 months ago

- business is an economic activity - production or procurement of goods and services - sales or exchange of goods and services - dealing in goods and services on a daily basis - profit earning - uncertainty of return - element of risk
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Sia ? 5 years, 4 months ago

A code of conduct is a set of rules outlining the social norms, religious rules and responsibilities of, and or proper practices for, an individual.

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Kashish Agrawal 3 years, 5 months ago

although earning profit cannot be only objective of business it's important cannot be ignored comment?
  • 0 answers

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