CBSE Class 11 Business Studies Nature And Purpose of Business Worksheet Set A

NATURE AND PURPOSE OF BUSINESS

→ Answer in one sentence (1 or 2 marks each)

1. Define Business.

2. What is the final outcome of an industrial activity?

3. Explain the term commerce.

4. Name the occupation in which people work for others and get remunerated in return.

5. Briefly explain business risk.

6. Give two examples for primary and secondary industry.

7. Explain how economic activities are different from non-economic activities.

8. How is analytical industry different from synthetic industry?

9. Explain why business is considered as an economic activity.

10. How is internal trade different from external trade?

→ Answer in around 75 words (3 or 4 marks each)

1. What are secondary industries? Mention the different types of secondary industry.

2. Write three fundamental management imperatives.

3. Explain the three types of business operations.

4. Differentiate between industry, commerce and trade.

5. Explain any three auxiliaries to trade.

6. Compare Business, Profession and Employment.

7. Explain why business is considered as an economic activity.

8. Which are the important factors to be considered while starting a business?

9. What is business risk? Explain its nature.

10. Explain the various causes of business risk.

→ Answer in around 150 to 200words (5 or 6 marks each)

1. Briefly explain the characteristic of business.

2. Explain with examples the various types of industries.

3. Elaborate the different types of trade.

4. Explain the role of profit in business.

5. Mohan Pvt Ltd just commenced the business of biscuits. Explain the auxiliaries required for the smooth functioning of this new set enterprise.

Please click on below link to download CBSE Class 11 Business Studies Nature And Purpose of Business Worksheet Set A