(English Medium) ICSE Class 10 - CISCE Question Bank Solutions for Commercial Studies

State any two expectations of competitors from a business concern.

State any two expectations of the general public from a business organisation.

Explain the expectations of internal stakeholders in a commercial organisation.

Discuss the expectations of customers and business associates.

Explain the expectations of employers and employees as stakeholders in a commercial organisation.

Explain the expectations of employers and employees as stakeholders in a commercial organisation.

Give any five expectations of employees from a business enterprise.

Give any five expectations of creditors from a business enterprise.

In case of a standardised product, each unit of product is a perfect substitute for others it is impossible to differentiate one unit from other unit. Which types of products is this?

Services are ______.

“It is a set-off tangible and physical attributes such as material colour, design, size, weight, etc., assembled in an identifiable form better seller offers to customers for sale.” What is it?

"A fixed cost is a cost that a business must pay whether it produces one product or a million. Regardless of output, the business must pay the same," amount spent to purchase a machinery is the example of ______ cost.

The cost which changes as per the levels of production is ______.

The cost which does not vary proportionately but do not remain constant with changes in the volume of output are known as ______ cost.

Telephone cost is an example of ______ cost.

______ cost is activity-based. It increases with increase in output.

Costs like rent, insurance etc. which do not change inspite of changes in the volume of output are ______ costs.

What is semi-variable cost?

Give one example of semi-variable cost.

Distinguish between variable cost and semi-variable cost.