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Questions and Answers
What is the definition of business according to the lecture?
What is the definition of business according to the lecture?
- Any activity to create value
- Any activity to generate revenue
- Any activity to provide services
- Any activity to earn profit (correct)
What is the form utility related to the industry?
What is the form utility related to the industry?
- People doing business by changing genes
- Conversion of raw material into finished goods (correct)
- Construction of buildings, roads, bridges etc.
- Extraction of underground resources
Which type of industry involves the extraction of underground resources?
Which type of industry involves the extraction of underground resources?
- Genetics
- Secondary Industry
- Extractive Industry (correct)
- Primary Industry
What activities are encompassed in commerce according to the lecture?
What activities are encompassed in commerce according to the lecture?
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What does trade mean in the context of commerce?
What does trade mean in the context of commerce?
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