Fundamentals of Business

In different parts of the country, different communities dominated the trade. Name one community that dominated in the northern region

• Multani merchants

• Mahajan

• Chatt

• Hakim

n different parts of the country, different communities dominated the trade. Name one community that dominated the western region

• Punjabi

• Mahajan

• Multani

• Hakim

Merchant communities derived power from guilds which were autonomous corporations formed to protect the interest of traders. These corporations were organized on a formal basis and formed a professional code of conduct which even kings were supposed to accept and respect

• True

• False

During the Roman Empire ____ was known as black gold.

• Coal

• Diamond

• Pepper

• Spices

Profit maximization should be the sole objective of business

• True

• False

Jio mobile decides to introduce more customers by June 2021. which objective is it trying to achieve?

• economic objective

• Social objective

• personal objective

Advertising helps in removing the hindrance of ______

____________ risk involves only the possibility of loss or no loss.

_________________activities are undertaken to earn a living

The maritime routes linked the east and west by sea and were used for the trade of spices and known as________