Describe the scope of business activitie | Class 11 Business Studies Chapter Business, Trade and Commerce, Business, Trade and Commerce NCERT Solutions

Question:

Describe the scope of business activities.

Answer:

Business activities encompass:

Industry:
- Primary: Extraction of natural resources (e.g., agriculture).
- Secondary: Manufacturing and construction.
- Tertiary: Services like banking and transportation.
Commerce:
- Trade: Buying and selling of goods.
- Auxiliaries to Trade: Services supporting trade, such as warehousing, insurance, and advertising.

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NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

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Reference examples and data from the chapter when answering questions about Business, Trade and Commerce.
Review previous year question papers to get an idea of how such questions may be framed in exams.
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Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 9: Describe the scope of business activities.....

Describe the scope of business activitie | Class 11 Business Studies Chapter Business, Trade and Commerce, Business, Trade and Commerce NCERT Solutions

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