Commerce Exam > Commerce Questions > If I have a business of shoe and such pair of...
Start Learning for Free
If I have a business of shoe and such pair of shoe cost for me 100 rupees and I give it to my first customer for Rs 100 with a view to advertise my business. My question is that is such activity an economic activity? Fastly answer in yes or no and I don't need any explanation about it.?
Most Upvoted Answer
If I have a business of shoe and such pair of shoe cost for me 100 rup...
Yes, such activity is an economic activity.
Economic activity refers to any activity or transaction that involves the production, distribution, or consumption of goods and services. It is an activity that is performed with the aim of earning a profit or generating income.
In this scenario, you have a business of selling shoes. By selling a pair of shoes to your first customer for Rs 100, you are engaging in an economic activity. The transaction involves the exchange of a product (shoes) for money (Rs 100), which is a fundamental aspect of economic activity.
The purpose of giving the shoes to your first customer for Rs 100 is to advertise your business. This indicates that you are using a marketing strategy to promote your products and attract more customers. Advertising is a common practice in economic activities to create awareness, generate demand, and ultimately increase sales.
While you may not be making a direct profit from selling the shoes to your first customer for Rs 100, the underlying objective of this activity is to attract more customers and generate future sales. By offering a pair of shoes at a lower price for promotional purposes, you aim to create a customer base and establish your brand in the market. This aligns with the profit motive commonly associated with economic activities.
In conclusion, the activity of selling a pair of shoes to your first customer for Rs 100 with the intention of advertising your business is considered an economic activity. It involves the exchange of goods for money and aligns with the profit motive commonly associated with economic activities.
Explanation:
- Economic Activity:
Economic activity refers to any activity or transaction that involves the production, distribution, or consumption of goods and services. It is an activity that is performed with the aim of earning a profit or generating income.
- Selling Shoes:
In this scenario, you have a business of selling shoes. By selling a pair of shoes to your first customer for Rs 100, you are engaging in an economic activity. The transaction involves the exchange of a product (shoes) for money (Rs 100), which is a fundamental aspect of economic activity.
- Purpose of the Activity:
The purpose of giving the shoes to your first customer for Rs 100 is to advertise your business. This indicates that you are using a marketing strategy to promote your products and attract more customers. Advertising is a common practice in economic activities to create awareness, generate demand, and ultimately increase sales.
- Profit Motive:
While you may not be making a direct profit from selling the shoes to your first customer for Rs 100, the underlying objective of this activity is to attract more customers and generate future sales. By offering a pair of shoes at a lower price for promotional purposes, you aim to create a customer base and establish your brand in the market. This aligns with the profit motive commonly associated with economic activities.
- Conclusion:
In conclusion, the activity of selling a pair of shoes to your first customer for Rs 100 with the intention of advertising your business is considered an economic activity. It involves the exchange of goods for money and aligns with the profit motive commonly associated with economic activities.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Top Courses for CommerceView all
If I have a business of shoe and such pair of shoe cost for me 100 rupees and I give it to my first customer for Rs 100 with a view to advertise my business. My question is that is such activity an economic activity? Fastly answer in yes or no and I don't need any explanation about it.?
Question Description
If I have a business of shoe and such pair of shoe cost for me 100 rupees and I give it to my first customer for Rs 100 with a view to advertise my business. My question is that is such activity an economic activity? Fastly answer in yes or no and I don't need any explanation about it.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about If I have a business of shoe and such pair of shoe cost for me 100 rupees and I give it to my first customer for Rs 100 with a view to advertise my business. My question is that is such activity an economic activity? Fastly answer in yes or no and I don't need any explanation about it.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If I have a business of shoe and such pair of shoe cost for me 100 rupees and I give it to my first customer for Rs 100 with a view to advertise my business. My question is that is such activity an economic activity? Fastly answer in yes or no and I don't need any explanation about it.?.
If I have a business of shoe and such pair of shoe cost for me 100 rupees and I give it to my first customer for Rs 100 with a view to advertise my business. My question is that is such activity an economic activity? Fastly answer in yes or no and I don't need any explanation about it.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about If I have a business of shoe and such pair of shoe cost for me 100 rupees and I give it to my first customer for Rs 100 with a view to advertise my business. My question is that is such activity an economic activity? Fastly answer in yes or no and I don't need any explanation about it.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If I have a business of shoe and such pair of shoe cost for me 100 rupees and I give it to my first customer for Rs 100 with a view to advertise my business. My question is that is such activity an economic activity? Fastly answer in yes or no and I don't need any explanation about it.?.
Solutions for If I have a business of shoe and such pair of shoe cost for me 100 rupees and I give it to my first customer for Rs 100 with a view to advertise my business. My question is that is such activity an economic activity? Fastly answer in yes or no and I don't need any explanation about it.? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of If I have a business of shoe and such pair of shoe cost for me 100 rupees and I give it to my first customer for Rs 100 with a view to advertise my business. My question is that is such activity an economic activity? Fastly answer in yes or no and I don't need any explanation about it.? defined & explained in the simplest way possible. Besides giving the explanation of
If I have a business of shoe and such pair of shoe cost for me 100 rupees and I give it to my first customer for Rs 100 with a view to advertise my business. My question is that is such activity an economic activity? Fastly answer in yes or no and I don't need any explanation about it.?, a detailed solution for If I have a business of shoe and such pair of shoe cost for me 100 rupees and I give it to my first customer for Rs 100 with a view to advertise my business. My question is that is such activity an economic activity? Fastly answer in yes or no and I don't need any explanation about it.? has been provided alongside types of If I have a business of shoe and such pair of shoe cost for me 100 rupees and I give it to my first customer for Rs 100 with a view to advertise my business. My question is that is such activity an economic activity? Fastly answer in yes or no and I don't need any explanation about it.? theory, EduRev gives you an
ample number of questions to practice If I have a business of shoe and such pair of shoe cost for me 100 rupees and I give it to my first customer for Rs 100 with a view to advertise my business. My question is that is such activity an economic activity? Fastly answer in yes or no and I don't need any explanation about it.? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup