1 to 8 plz answer as soon as possible
Studies based on the topics covered in the class.
1. "Business activities are undertaken under conditions of uncertainty." Which characteristic of business is highlighted in this statement?
2. Chhavi cooks food at home for her family but Shelly cooks food and sell it to others in a restaurant. Who is engaged in business activity?
3. Name the type of economic activity wherein a doctor operates his clinic.
Dear student,
Answer 1)
the above statement highlights the feature of uncertainty of return in business. Every business is undertaken with a motive of earning profit however, there is no certainty regarding the amount of profit to be earned by the business also there can be possibilities of incurring losses as well. Therefore uncertainty is the basic feature of every business.
Answer 2)
Business in an economic activity which is done for the purpose of thru purpose of earning money , SINCE SHELLY IS engaged in earning money so she is said to be engaged in business activities .
Answer 3)
Economic activities where in doctor operates his clinic is PROFESSION
PLEASE POST THE REMAINING QUESTIONS IN DIFFERENT THREAD.
REGARDS
Answer 1)
the above statement highlights the feature of uncertainty of return in business. Every business is undertaken with a motive of earning profit however, there is no certainty regarding the amount of profit to be earned by the business also there can be possibilities of incurring losses as well. Therefore uncertainty is the basic feature of every business.
Answer 2)
Business in an economic activity which is done for the purpose of thru purpose of earning money , SINCE SHELLY IS engaged in earning money so she is said to be engaged in business activities .
Answer 3)
Economic activities where in doctor operates his clinic is PROFESSION
PLEASE POST THE REMAINING QUESTIONS IN DIFFERENT THREAD.
REGARDS