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What reward a businessman gets for beari...

What reward a businessman gets for bearing the risks?

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The reward of bearing the risk is profit.
A businessman willingly undertakes the risk involved in the business activities because for bearing the risk, businessman gets the reward of earning profit. ... The higher the risk, the more is the profit. Generally the project with which more risk is involved generate more profit as compared to less risk projects.
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Monoj is running a general store under the name 'Daily needs' in a local market. He takes all dicisions about business himself. Without any interference from others and get all the profit as a reward for bearing the full risk. In the context of above case. (i) Identify and define the form of business organisation in which Manoj has formed his business. (ii) State any four features of that form.

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SUBHASH DEY-PART-A FOUNDATIONS OF BUSINESS -Very short ans
  1. What is the base for differentiating the economic and non-economic act...

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  2. Name the economic activity in which specialised knowledge is required.

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  3. What reward a businessman gets for bearing the risks?

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  4. Name the occupation in which people work for others and get remunerate...

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  5. Name the industries which provide support service to other industreis.

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  6. What type of industry is fishing?

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  7. ABC Ltd. Is planting trees on the roadside. Which objective is it tryi...

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  8. Define Risk.

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  9. Name any two factors kept in mind while setting up an enterprise.

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  10. Why do businessmen earn profit?

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  11. Give an example of activity, which is economic in one sense and non-e...

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  12. Teena produces goods not for the purpose of sale but for personal cons...

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  13. Piyush cooks food at his family whereas Rishab cooks food and sells it...

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  14. Name the economic activity, which invovles specialised knowledge and ...

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  15. What type of industry is banking.

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  16. What type of industry are poultry farms and dealing with saplings of p...

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  17. How do traders remove hindrance of persons?

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  18. Name the tertiary industry which removes hindrance of knowledge.

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  19. What term is used to refer to physical arrangement of machines and equ...

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  20. What is the basis of differentiating between economic and non-economic...

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