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

“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.

What is Fixed Cost?

Explain the conflicting needs of the stakeholders of a company.

Explain the expectations of government from a business enterprise.

Insurance, banking, beauty parlour etc. are examples of ______.

______ are intangible benefits, utilities and satisfactions which are offered for sale.

Insurance and banking are examples of ______.

An institution which is an expert at designing advertisements and releasing them through appropriate media is known as ______.

Two features of products are ______.

State any two characteristics of a service.

State two limitations of a budget.