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Justify the following statements. 1) Retailer is in direct contact with ultimate consumers.2) Commerce is a wider term than Trade.3) Risk is inevitable in business activities.P94 Poind 9.4) Combination of Import-export trade is entrepot trade.5) Transport creates place utility6) Industrial activities take place before commerce starts its role.7) Available resources should be used to its maximum. 896.1.4 d8) Wholesaler is a link between retailer and manufacturer.9) Business is a part of economic activities.10) Changing fashions is one of the important cause of business risk. |
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Answer» 2. Because trade is the part of commerce.4. Because import means that goods are come from outside of the country and export means send goods to other country and entrepot means that goods came from other country to any port can sold from that port to another country .9.As we know that economic activities REFERS to those activities in which TRANSACTION are made from cash. so in BUSINESS there is a transaction of cash .10. Changing fashion is one of the business risk because as the country is developing new trends are coming so the PEOPLE are GOING for the new |
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