Naksh and daksh are good friends. Naksh charges fees from his clients by rendering his personlised expert services. Daksh earns profit by providing his transport facilities to the public. While naksh follows the code of conduct at the time of dealing with his clients , Daksh also tries to maximise his profits by being polite with his customers. Fulfillinf his promises and being sensitive towards the needs of his customers.
(1) name the type of economic activities naksh and daksh are engaged in
(2) differentiate in both types of economic activities on the basis of "Capital Investment" and "Risk"
(3) Identify the values which Daksh is following in his dealings with his customers
Dear student,
1) In the given situation Naksh is engaged in profession while Daksh is engaged in business.
2) In case of profession there is limited capital investment, on the other hand, in case of business the capital investment varies as per the nature of business.
In case of business high degree of risk is involved, on the other hand, in case if profession the risk involved is comparatively low.
3) The values that are being followed are:
1) In the given situation Naksh is engaged in profession while Daksh is engaged in business.
2) In case of profession there is limited capital investment, on the other hand, in case of business the capital investment varies as per the nature of business.
In case of business high degree of risk is involved, on the other hand, in case if profession the risk involved is comparatively low.
3) The values that are being followed are:
- Taking care of the needs of the customers
- Working towards customer satisfaction