" No business is risk free" In the light of this statement ,explain the concept of business risk
"the structure of business is composed of both industry and commerce"explain the statement
Profit can no more the objective of the business than eating is the objective of life.Explain the business motive in the light of this statement
Dear Abeer, In response to the first part of your question, you can refer to the below mentioned link to view the answer to your question.
In response to the second part of your question,
Both industry and commerce are significant part of the business activities. Here you can explain the role of industry and commerce in business activities.Follow the below mentioned link to view the same. https://www.meritnation.com/cbse/class11-commerce/ncert-solutions/business-studies/business-studies/nature-and-purpose-of-business/page20-short-answers-qno4/1161_5364_34487/how-would-you-classify-business-activities
In response to the third part of your question, Lyndall Urwick has very aptly encapsulated the role of profit in business. He stated that ''Earning Profit can no more the objective of the business than eating is the objective of life''. A business cannot survive without profits just like a human being cannot live without food.It is quite rational for anyone who invests a certain amount of money in business to expect a higher amount in return. The profit-earning capacity of a business decides its growth prospects.​ Although business is run solely to earn a profit, nowadays, with growing diversity, the objectives of business have expanded. It is no more limited to earning profits​ but also shares a sense of social responsibility. The fulfilment of these social objectives helps a business to earn a positive reputation—that is, goodwill.