Since independence, what have developed in a large scale in trade, industry and service sector?
Public enterprise
Private enterprise
Business enterptise
Industry
What leads to technological upgradation of product process?
Innovation
Occupation
Profession
Performance
No business can exist without:
An agent
A customer
A supervisor
A manager
What are expected to maintain and improve the efficiency of employees and thereby raise the profitability of business?
Profit
Welfare Amenities
Production
When a person individually or as a member of any group is regularly engaged in any economic activity, it is said to be his/her:
Business
Employment
Unexpected situation beyond the control of businessman resulting in losses are known as:
Marketing
Risk
Competition
Net Loss
What does not need any educational qualification?
What is invariably regarded as an indicator of the quality of performance of those who manage the business?
Investment
Risk bearing
Capital
In case of employment, as a remuneration for the work done they receive:
Salary/Wage
Both
Commission
What is prescribed by the body professional is to be followed in case of profession?
Profit Margin
Rules
Code of conduct
Professional ethics
