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commerce is senseless .
5] Commerce takes place when the raw material is converted into finish goods
6] industries activities take place because it requires huge capital
7] Commerce finishes his role after industrial activities as it comparatively require
less capital
8] Industries require man
power and machine power.
9] Commerce requires more man power.
1o] Industries activities is conducted by producers and manufactures.
8] Commerce is a wider term than business.
Ans: The above statement is false.
Reasons:
1] Business is an activity which involves production and distribution of goods and
services
2] Commerce is engaged
with distribution of goods and services produced industry.
3] Business includes industry and industry and commerce.
4] Commerce includes only trade and auxiliaries / aids to trade.
5] Business is wider term than commerce because commerce is a part of business ,
but business is not a part of anyone.
6] So, commerce activities like [trade and aids to trade] exist because business
activity is there.
7] Business activity can be helped
by advertisement , transport , warehousing.
8]So, commerce is not a wider term than business.
9] Changing fashion is one of the important cause of business risk.
Ans: The above statement is true.
Reasons;
1] Business is an economic activity involves production and distribution of goods
and services.
2] usually the change in
fashion lead to effect the preference of the customers.
3] The change in fashion affect the terms and power of purchasing of the consumers
4] The adverse affect of fashionable trends lead to fall in demand of the user.
5] When the fashion have been changed the business man have to change his
deadstock.
6] The business man has
to bring innovative idea to run his business smoothly.
10] Available resources should be used to its maximum.
Ans: The above statement is true.
Reasons:
1] Most of the resources are scarce [limited] and have many alternative uses.
2] When wastage is restricted then the profit increase and the resources are also
used to its maximum.
3] Cost of production can also be controlled by reducing the wastages and using the
resources up to its maximum.
4] Maximum use of resources ultimately leads to increasing profits.
5] If available resources are used to its maximum than it can be conserved for
future generation.
6] Available of resources are limited and human wants are unlimited.