C. B. Gupta solutions for कमर्शियल ॲप्लीकेशन [इंग्रजी] इयत्ता ९ आयसीएसई chapter 1 - Introduction to Commercial Organisations [Latest edition]

Which of the following statements is/are correct?

1. Economic activities are undertaken with the purpose of earning money and acquiring wealth.
2. Profession is an occupation involving rendering of expert services for a fee.
3. Economic activities involve production and distribution of goods and services.
4. Employment does not mean working under an employer for wage or salary.

Which of the following is/are characteristics of economic activities?

1. Economic activities we undertake to earn money income.
2. Economics activities help to create wealth.
3. Economic activities satisfy basic human needs such as food, clothing and shelter.
4. Economic activities serve as the basis for economic development.

What is the purpose of economic activities?

Statement I: Non-economic activities are undertaken not for earning money but for personal satisfaction. 

Statement II: Non-economic activities involve social, religious, patriotic and non-financial motives.

Which of the following statements is/are correct?

Statement I: Business is regarded as an economic activity.

Statement II: The objective of business activities is to sell the goods and services for profit.

Which of the following statements is wrong regarding industry?

1. Industry includes all those business activities which involve extracting multiplying growing, processing, assembling and constructing useful products.
2. The term ‘industry’ refer to a group of firms producing similar or related goods.
3. The business enterprises which undertake industrial activities are known as industrial enterprises.
4. People who own and control industries are called manufacturers.

Which of the following statements is wrong regarding industry?

1. Extractive industries are those industries which are concerned with the discovery and extraction of natural resources.
2. Genetic industries are those industries which are concerned with reproducing and multiplying plants and animals.
3. Manufacturing industries are those industries which are concerned with providing commercial services.
4. Industries which employ complex technology and long production cycles are called heavy industries.

Which of the following hindrances does not arise in the exchange of goods and services?

Statement I: Trade means the sale, transfer or exchange of goods may be for cash or credit. 

Statement II: Traders serve as link between producers and consumers.

Entrepot trade means ______.

What is the meaning of ‘Organisation’?

What is the nature of activity of banking and finance companies?

These organisations are engaged in buying and selling of goods.

Firms producing biscuits, breads, noodles, jam, soup powder, spices etc.

What is the meaning of public accountability?

Assertion (A): The agricultural sector is a primary industry.

Reasoning (R): It involves the extraction and production of raw materials directly from natural resources.

Assertion (A): Private sector enterprises focus primarily on profit maximization.

Reasoning (R): Profit motive is the driving force behind the decisions and operations of private businesses.

Statement I: A retailer delaying the purchase of seasonal goods for sale is addressing the hindrance of time in commerce.

Statement II: Warehousing solves the problem of storing goods until they are sold.

Which of the following correctly distinguishes between commerce and trade?

If an organisation is funded entirely by private individuals and operates solely for earning profits, it would be classified under public sector enterprises.

Identify the type of industry shown in the given image.

A textile company produces cotton fabrics and sells them to wholesalers who distribute the goods to retailers across the country. The company also advertises its products to create brand awareness. What hindrance does advertising primarily aim to remove in this case?

An entrepreneur faces financial losses due to a natural disaster that damages their inventory. Which auxiliary to trade could have mitigated this loss?

An insurance company compensating a trader for loss due to fire is an example of removing the hindrance of finance.

Identify the type of industry shown in the given image.

Which of the following correctly represents the interdependence of industry, commerce, and trade.

Statement I: A non-profit organisation providing free educational services generates income by selling goods. 

Statement II: Non-profit organisations focus on serving society rather than earning profits.

A hospital that provides free services to the needy but charges nominal fees from others is classified as a non-profit organisation.

A farmer grows organic vegetables and supplies them to local markets. To increase profits, the farmer sets up a cold storage unit to store surplus vegetables during the off-season and sells them when prices are higher. Which type of industry does the farmer’s activity represent?

Give two characteristics of business.

Define commerce.

Distinguish between industry and commerce.

What are aids to trade?

How does trade differ from commerce in terms of their objectives within the economy?

How does trade differ from commerce in terms of their scope within the economy?

Define the term ‘organisation’.

What is a profit making organisation?

A government-owned public transport company and a privately-owned cab service both aim to provide affordable transportation in a city. Which type of organisation would be better for ensuring affordable and accessible transportation, and why?

What is a public sector enterprise?

How does the private sector drive innovation in a competitive environment?

How does the private sector contribute to economic growth in a competitive environment?

What is a joint sector enterprise?

Define a non-profit making organisation.

State any two differences between primary, secondary and tertiary sectors.

A garment manufacturer in Gujarat produces T-shirts but faces challenges in selling the products due to a lack of transport and insufficient market knowledge. What commercial activities can resolve the hindrances faced by the manufacturer?

What is business?

Describe the nature of business activities.

“Commercial activities deal with buying and selling of goods, the exchange of commodities and the distribution of finished goods.” Explain.

“Commerce consists of all those activities which are involved in the removal of hindrances of person, place and time”. Explain.

Discuss the importance of commerce.

Describe aids to trade.

Explain the interrelationship between trade, commerce and industry.

Distinguish between profit and not-for-profit organisations.

Explain in brief the features of non-profit organisations.

Explain different types of non-profit making organisations.

Discuss the nature of charitable organisations.

Discuss the types of charitable organisations.

Write a note on mutual benefit organisations.

Write a note on common weal organisations.

Give a comparison between public sector, private sector and joint sector enterprises.

Explain the characteristics of public sector enterprises.

Describe the characteristics of private sector enterprises.

Explain the characteristics of joint sector enterprises.

What is a commercial organisation?

State the characteristics of a commercial organisation.

Distinguish between commercial and non-commercial organisations.

Distinguish between an organisation, a firm and a company.

How do non-profit organisations contribute to society? Provide examples to illustrate their roles and functions.

Identify the type of industry given in the picture below and explain its features.

Mr. Sharma, a farmer, grows wheat and sells it to a local flour mill. The flour mill processes the wheat into flour and sells it to a grocery store. The store sells the flour to customers in the neighbourhood.

Identify the different types of industries involved in this case and explain their interdependence. 

Mr. Sharma, a farmer, grows wheat and sells it to a local flour mill. The flour mill processes the wheat into flour and sells it to a grocery store. The store sells the flour to customers in the neighbourhood.

How does commerce facilitate the exchange of goods in this scenario?

Mr. Sharma, a farmer, grows wheat and sells it to a local flour mill. The flour mill processes the wheat into flour and sells it to a grocery store. The store sells the flour to customers in the neighbourhood.

Discuss how trade creates utilities in this example.

Visit an industrial enterprise located in or near your city to find out whether it is a primary industry or a secondary industry. Classify the enterprise in any one of the four types of industry you have read in the “Introduction to Commercial Organisations” chapter.

Define the term ‘industry’.

What is extractive industry?

State the objectives of business.

Distinguish between economic and non-economic activity. 

Compare business with profession and employment.

Write a note on charitable organisation.

Explain the term ‘Organisation’.

Explain the term ‘Firm’.

Explain the term ‘Company’.

Classify the following into primary, secondary and tertiary sectors:

1. Oil drilling
2. Oil refinery
3. Iron ore mine
4. Steel mill
5. Airline
6. State Bank of India
7. Indian Railways

Classify the following into commercial and non-commercial organisations.

1. Bharti Airtel
2. Apollo Hospital
3. World Health Organisation (WHO)
4. Delhi Jal Board
5. Birla Vidya Mandir, Nainital
6. Sun Pharmaceuticals
7. Tata Motors
8. Bajaj Auto
9. Child Rights and You (CRY)
10. Red Cross

Read the following and answer the questions that follow.

1. Which hindrance in commerce is addressed by the use of GPS tracking in this case?
2. Suggest one way the company can minimise the impact of traffic congestion on deliveries.
3. Analyse the role of efficient logistics management in maintaining profitability. What additional steps can the company take to balance cost control and service quality?

Classify and explain commercial organisations on the basis of activities performed.

Compare industry, commerce, and trade. 

Explain the primary sector in brief.

Explain the secondary sector in brief.

Explain the tertiary sector in brief.

Read the case given below and answer the questions that follow.

1. Which hindrance in commerce is highlighted in this case?
2. Suggest one auxiliary to trade that the company should use to address the issue of low sales.
3. Evaluate the importance of auxiliaries to trade, such as transportation, warehousing, and advertising, in ensuring the success of the manufacturing company.