Advertisements
Advertisements
Question
Study the follow ing case/situation and express your opinion.
Mr. Pranav is a tin manufacturer in India. Mr. Jack of England sells goods to M/s Frank Corporation in North America and Mr. Williams of USA buys various goods from Brazil.
- Who is the importer?
- Who is the manufacturer?
- Who is the exporter?
Advertisements
Solution
- Importer M/s Frank Corporation in North America, Mr. Williams in USA.
- Manufacturer - Mr. Pranav
- Exporter Mr. Jack
APPEARS IN
RELATED QUESTIONS
Match the pairs:
| Group ‘ A’ | Group ‘ B’ |
| A) Helping disabled person | 1) Social objective |
| 2) Genetic Industry | 2) Foreign Trade |
| C) Local currency | 3) Sericulture |
| D) Solve social problems | 4) Non-economic activity |
| 5) Internal Trade | |
| 6) Mining | |
| 7) Profit | |
| 8) Economic activity |
Correct the underlined word and rewrite the sentence.
Barter exchange is an exchange with money
Correct the underlined word and rewrite the sentence.
Commerce represents supply side of market.
Study the following case/situation and express your opinion.
Jaysukh oil mills produce refined oil. The entire production is purchased by Rupesh Oil Depot, Who in turn sells it to various retailers. Mrs. Prachi purchased 2kg oil from Balaji Groceries. Identify:
- Wholesaler
- Retailer
- Consumer
Distinguish between:
Business and Commerce.
Answer in brief.
State any four features of business.
Attempt the following.
What do you mean by commerce?
Attempt the following.
Define business. Explain its features.
Which of the following best describes economic activities?
Mr. Ali runs a café during weekdays and offers free meals to homeless people on Sundays. Which statement correctly classifies his activities?
What is the key factor that distinguishes economic activities from non-economic activities?
According to the flow chart, which of the following falls under economic activities?
According to the classification table, what type of reward is associated with non-economic activities?
