Business Trade And Commerce(11th Grade > Business Studies ) Questions and Answers
Explanation:-
Answer: Option B. -> True:
B
True. There is always an element of risk involved in doing business. There could arise a change in tastes of customers because of change in trends. This could lead to loss in terms of sales and revenue.
Explanation:-
Answer: Option A. -> It is the introduction of new ideas or methods in the way something is made or done.:
A
It is the introduction of new ideas or methods in the way something is made or done. There are two kinds of innovation: 1. innovation in product or service 2. innovation in various skills and activities.
Explanation:-
Answer: Option B. -> The reward of bearing risk is profit.:
B
The term 'risk' refers to the possiblitiy of inadequate profits or even losses due to uncertainties or unexpected events.The reward of bearing the risk is profit.
Explanation:-
Answer: Option A. -> True:
A
True. Doing social work and delivering competitive goods and services would certainly help in building a good reputation of the business.
Explanation:-
Answer: Option A. -> True:
A
True. Mr.Peter plan to borrow funds, then he will have to compensate the lender by paying some monetary charge or share from the earnings of his business.