Business Studies

Mr. Shenoy wanted to start business of supplying readymade garments. But he was wondering about how much profit or return on investment he would be able to earn. This situation reflects which characteristics of Business?

• Economic Activity

• Profit Earning

• Uncertainity of Return

• Element of Risk

Economic Activities include

• Business+ Profession

• Business+ Employment

• Profession+ Employment

• Business+ Profession+ Employment

_____________ activities are undertaken to satisfy social and psychological needs.

ABC Ltd. is charging very low price which is just covering their cost so that it can remain in competitive market. ABC Ltd. is aachieving which organisational objective.

ABC Ltd. is planting trees on the roadside. Which objective is it trying to achieve?