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Which of the following is/are the component/s of business?
- a)Industry
- b)Commerce
- c)Both industry and commerce
- d)Trade and aids to trade
Correct answer is option 'C'. Can you explain this answer?
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Which of the following is/are the component/s of business?a)Industryb)...
Components of Business
Business is a vast concept that includes various activities and components. The main components of business are:
Industry
Industry refers to the production of goods and services through the use of labor, capital, and resources. It includes manufacturing, mining, agriculture, construction, and other similar activities.
Commerce
Commerce refers to the exchange of goods and services between individuals or organizations. It includes buying and selling of goods and services, transportation, warehousing, insurance, banking, and other related activities.
Both industry and commerce
Industry and commerce are interdependent and complement each other. Industry produces goods and services, and commerce helps in their distribution and exchange.
Trade and aids to trade
Trade refers to the buying and selling of goods and services, while aids to trade include activities that facilitate trade, such as transportation, warehousing, insurance, banking, advertising, and marketing.
Conclusion
In conclusion, business comprises various components such as industry, commerce, trade, and aids to trade. These components are interrelated and contribute to the growth and development of the economy. Understanding these components is essential for anyone who wants to pursue a career in business.
Business is a vast concept that includes various activities and components. The main components of business are:
Industry
Industry refers to the production of goods and services through the use of labor, capital, and resources. It includes manufacturing, mining, agriculture, construction, and other similar activities.
Commerce
Commerce refers to the exchange of goods and services between individuals or organizations. It includes buying and selling of goods and services, transportation, warehousing, insurance, banking, and other related activities.
Both industry and commerce
Industry and commerce are interdependent and complement each other. Industry produces goods and services, and commerce helps in their distribution and exchange.
Trade and aids to trade
Trade refers to the buying and selling of goods and services, while aids to trade include activities that facilitate trade, such as transportation, warehousing, insurance, banking, advertising, and marketing.
Conclusion
In conclusion, business comprises various components such as industry, commerce, trade, and aids to trade. These components are interrelated and contribute to the growth and development of the economy. Understanding these components is essential for anyone who wants to pursue a career in business.
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Which of the following is/are the component/s of business?a)Industryb)...
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Which of the following is/are the component/s of business?a)Industryb)Commercec)Both industry and commerced)Trade and aids to tradeCorrect answer is option 'C'. Can you explain this answer?
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Which of the following is/are the component/s of business?a)Industryb)Commercec)Both industry and commerced)Trade and aids to tradeCorrect answer is option 'C'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Which of the following is/are the component/s of business?a)Industryb)Commercec)Both industry and commerced)Trade and aids to tradeCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is/are the component/s of business?a)Industryb)Commercec)Both industry and commerced)Trade and aids to tradeCorrect answer is option 'C'. Can you explain this answer?.
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