Q.1. A voluntary action taken by the business for the benefit of the society.

Q.2. A long term contracting out of routine activities to a third party specialist.

Q.3. Commerce which includes selling goods from one consumer to another.

Q.4. A form of business organisation which is owned, controlled and managed by one individual.

Q.5. Explain any 2 economic objectives of business.

Q.6. Explain in brief about advertising as one of the auxiliaries to trade.

Q.7. Explain the following terms:-

a) Wholesale trade b) Retail trade

Q.8. Explain the scope of E Business. (any 2 points)

Q.9. Explain any 3 features of partnership.

Q.10. Explain the three steps involved in online transaction..

Q.11. Explain any 3 points of difference between a Good and a Service.

Q.12. Explain any 3 benefits of outsourcing.

Q.13. Explain any 4 features of Business.

Q.14. Explain any 4 features of cooperative society.

OR

Explain any 4 features of Joint stock company

Q.15. Explain any 4 benefits of EBusiness.

Q.16. Write about the social responsibility of business towards the following interest groups:

( any 4 points)

a) Employees b) consumers