Business Studies Class 11 questions and answers Graded A+

Business Studies Class 11 questions and
answers Graded A+
Business - ✅✅Business refers to an occupation in which people regularly
engage in economic activities related to production and provision of goods and
services with a motive of earning profits by satisfying the needs of other people.


Profession - ✅✅Profession includes those economic activities which require
application of special knowledge and skills in the occupation.


Employment - ✅✅


Industry - ✅✅


Primary Industries - ✅✅


Genetic Industries - ✅✅


Secondary Industries - ✅✅


Manufacturing Industries - ✅✅


Analytical Industry - ✅✅


Synthetical Industry - ✅✅

,Processing Industry - ✅✅


Construction - ✅✅


Tertiary Industries - ✅✅


Commerce - ✅✅


Trade - ✅✅


Internal Trade - ✅✅


External Trade - ✅✅


Auxiliaries to Trade - ✅✅


Transportation - ✅✅


Communication - ✅✅


Banking - ✅✅


Insurance - ✅✅

, Warehousing - ✅✅


Advertising - ✅✅


Business Risk - ✅✅Business Risk refers to the possibility of inadequate profits
or even losses due to uncertainties or unexpected events.


Pure Risk - ✅✅


Subsidised Risk - ✅✅


Sole Proprietorship - ✅✅


Joint Hindu Family Business - ✅✅


Dayabhaga - ✅✅


Mitakashara - ✅✅


Karta - ✅✅


Co-parceners - ✅✅