Industry & Commerce

Contents

Results

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#1. What is the primary focus of the industry?

#2. In commerce, what is the main activity?

#3. Which term refers to the organized economic activity related to the manufacturing of goods?

#4. What does commerce involve that industry does not?

#5. Which of the following is a feature of commerce?

#6. In which sector does industry play a vital role?

#7. What is the primary motive of commerce?

#8. Which is a characteristic of the industrial sector?

#9. What does commerce facilitate between producers and consumers?

#10. Which sector is concerned with the creation of form utility?

#11. What is the importance of industry in economic development?

#12. Which sector involves activities related to buying and selling of goods and services?

#13. What is the primary focus of the agricultural sector?

#14. Which sector is characterized by intangible products?

#15. What is the main goal of the service sector?

#16. Which sector involves the extraction and processing of raw materials?

#17. In commerce, what plays a crucial role in the exchange of goods and services?

#18. What is the primary function of the agricultural sector?

#19. Which sector is concerned with the storage and transportation of goods?

#20. What is the role of commerce in the distribution of goods?

#21. What is the primary focus of the industrial sector?

#22. Which sector involves activities related to processing and manufacturing?

#23. In which sector is research and development crucial?

#24. What is the significance of commerce in international trade?

#25. Which sector involves the buying and selling of goods on a large scale?

#26. What is a characteristic of the service sector?

#27. What does the industrial sector contribute to the economy?

#28. Which sector involves the development and implementation of new ideas and technologies?

#29. What is the role of commerce in the global economy?

#30. Which sector is associated with the creation of place utility?

#31. The term 'entrepreneurship' refers to:

#32. Business ethics involve:

#33. What is the primary objective of corporate governance?

#34. Which type of business organization has the advantage of limited liability and centralized management?

#35. A memorandum of association is a legal document that:

#36. What does SWOT analysis stand for in the context of business strategy?

#37. Which of the following is not a factor of production in business?

#38. The process of converting raw materials into finished goods is known as:

#39. Which type of business environment includes factors like economic conditions, political stability, and technological advancements?

#40. What is the role of a mission statement in a business organization?

#41. Which financial statement provides a snapshot of a company's financial position at a specific point in time?

#42. The process of identifying and attracting potential customers to a product or service is known as:

#43. What is the purpose of a business plan?

#44. Which of the following is an advantage of a partnership business structure?

#45. In a sole proprietorship, who bears the unlimited liability for the business's debts?

#46. The process of dividing work into tasks and coordinating them to achieve organizational goals is known as:

#47. Which of the following is an example of an intangible asset for a business?

#48. What is the significance of human resource management in business organizations?

#49. Which economic system allows businesses to operate with minimal government interference?

#50. The concept of 'supply and demand' is a fundamental principle in which economic system?

Finish