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It is emerging as one of the faster growing economies in the world and a preferred FDI destination.

Support services to primary and secondary industries and activities related to trade.

Xuanzang, Al Beruni, Ibn Batuta, and Francois.

They were important components for manufacturing.

No business can flourish in a competitive world without innovation.

Farming, mining, lumbering, hunting, and fishing operations.

What business people want to achieve in return for their activities.

9.2%.

Pataliputra (modern-day Patna).

Entrepreneurship.

Different types of goods and services.

Industry and commerce.

Advertising is a paid activity, while PR is usually unpaid and focuses on building relationships.

Examples include fire, theft, or strike, which may result in loss.

Rising incomes, savings, investment opportunities, increased domestic consumption, and a younger population.

Social responsibility.

Weak financial system, inadequate infrastructure, high defense expenditure, high fiscal deficits, and continuous balance of payments deficits.

Press releases in print and social media platforms.

The buying and selling of goods.

Small and individual level (e.g., shopkeeper) or large scale (e.g., cooperative society or company).

Greater risk involved in a business leads to a higher chance of profit.

Seeds and nursery companies.

Construction of buildings, dams, bridges, roads, tunnels, and canals.

By going to the market, either physical or electronic over the internet.

As an economic activity involving the production and sale of goods and services undertaken with the motive of earning profit by satisfying human needs.

About one-third to one-fourth.

An old method of exchange of goods and/or services for another set of goods and/or services.

An occupation involving regular activities related to the purchase, production, and/or sale of goods and services with the aim of earning profits.

Changes in consumer taste, production methods, workplace strikes, increased competition, fire, theft, accidents, and natural calamities.

Engineering and architectural skills.

No, risks can be minimized but not eliminated.

Basic raw materials from natural sources.

A three-pronged approach of stabilization, restructuring, and globalization.

By comparing the value of output with the value of inputs.

Breeding plants and animals for further reproduction.

The desire to find trade routes and the wealth associated with Indian goods.

Business is considered an economic activity because it is undertaken with the objective of earning money or a livelihood.

Physical resources (like plants and machines) and financial resources (funds).

Use materials already extracted to produce goods for final consumption or further processing.

To earn profit.

Due to the large number of potential customers.

Activities involving mechanical appliances and technical skills, as well as groups of firms producing similar goods.

It was referred to as 'Swaran Bharat and Swaran Dweep' by travelers due to its prosperity.

To reap more than what has been invested, with profit being the excess of revenue over cost.

Into economic activities, which earn a livelihood, and non-economic activities.

They must be either produced or procured by business enterprises.

The production and sale of goods and services required by people.

Insurance provides protection against various risks such as fire, theft, and accidents, ensuring recovery of losses and compensation.

Unexpected events like dishonesty, negligence, strikes, and management inefficiency.

Business.

Agriculture, domestication of animals, weaving, dyeing fabrics, making clay pots, and handicrafts.

Economic activities connected with the conversion of resources into useful goods.

Transport facilitates the movement of raw materials to production sites and finished products to consumers, overcoming the obstacle of place.

They were used as documents to facilitate the transfer of money for trading activities.

The nature and size of the business.

Banks provide necessary funds for acquiring assets, purchasing raw materials, and meeting other expenses, thus overcoming financial challenges.

Profit is the excess of revenue over cost.

Commercial banks offer overdraft, cash credit facilities, loans, collection of cheques, remittance of funds, and discounting of bills.

Industries that extract natural resources.

It may neglect responsibilities towards customers, employees, investors, and society, leading to opposition and loss of business.

It provided additional capital funds for manufacturers, traders, and merchants for expansion and development.

Mistakes in location can lead to high production costs and inconvenience in operations.

‘Make in India’, ‘Skill India’, and ‘Digital India’.

They engage in various economic activities such as production and manufacturing to supply goods and services.

Trade and auxiliaries to trade.

Risk is the uncertainty associated with an exposure to loss caused by unfavorable events.

Yes, because it involves the exchange of goods and services with the objective of fulfilling needs.

Greater productivity through the best use of available resources.

Trading activities contributed significantly to its prosperity and gains.

Political disturbances, mechanical failures, and fluctuations in exchange rates.

Confidence in demand for the product and ability to arrange necessary capital.

An important exporting center for wool and importing horses.

It has a major influence alongside other institutions like schools, hospitals, and political parties.

Into manufacturing industries and construction industries.

Commercial and industrial banks for trade, and agricultural banks for loans to agriculturists.

A business enterprise.

The introduction of new ideas or methods in the way something is done or made.

Both the possibility of gain and the possibility of loss due to changes in market conditions.

Only the possibility of loss.

Fixed and regular pay; no or little risk.

Due to the influence of various tax laws on business operations.

It removes the hindrance of place by moving goods to markets.

By facilitating movement, storage, financing, risk coverage, and sales promotion of goods.

Innovation in products or services and innovation in skills and activities needed to supply them.

Economic activities are performed to earn a livelihood, while non-economic activities are performed out of love, sympathy, or sentiment.

That there is a lot more to business than merely making money; it leads to growth and development.

Communication facilities allow producers, traders, and consumers to exchange information, which is essential for business activities.

Primary, secondary, and tertiary.

Rise in interest rates for borrowing and levy of higher taxes.

Business, Profession, and Employment.

A health worker treating her patient.

A store owner sympathizing with a needy elderly person and giving medicines for free.

Uncertainties related to demand, competition, pricing, and collection of dues.

Business involves regular dealings in goods or services, not just a single transaction.

An emporium of trade with many routes from South India.

Profit in business is uncertain and irregular, while professional fees are generally regular and certain.

No capital is required.

It indicated the prosperity of merchant communities and professional classes.

By making goods available to consumers from producers.

Services that assist trade, including transport, banking, insurance, warehousing, communication, packaging, and advertising.

Natural calamities, changes in demand and prices, government policies, and technological improvements.

32%.

To mitigate the risks of theft and robbery during long-distance travel.

By providing necessary links between producers and consumers.

Determining whether it will be in the MSME sector or a large-scale enterprise.

Natural calamities like floods, earthquakes, and heavy rains.

Entrepreneur's decision and other legal formalities, if necessary.

Transfer is possible with formalities in some businesses, while it is not possible in others.

There should be a sale or exchange of goods or services between the seller and the buyer.

Business starts with production and ends with consumption, involving a series of steps to make finished products reach consumers.

A commercial junction where most routes converged.

Providing necessary capital for starting and continuing the business.

Qualifications, expertise, and training as prescribed by the professional body.

Textile industry, particularly for gold silk cloth and sandalwood workmanship.

They enable the business to analyze performance and take necessary steps for improvement.

The nature and type of business to be undertaken.

It was the capital of the Pandayas and controlled the pearl fisheries of the Gulf of Mannar, attracting foreign merchants.

Through insurance of goods.

Activities that assist trade, such as transport, banking, insurance, warehousing, and advertising.

Extraction and production of natural resources and reproduction of living organisms.

It serves as a source of income, finance for expansion, indicates efficient working, reflects society's approval, and builds reputation.

They enhanced commercial operations.

The obligation of business firms to contribute resources for solving social problems.

Producing goods through processing raw materials.

Shops and factories for industry; legal, medical professions, and jobs in banks for commerce.

By providing self-employment and creating opportunities for employment and profession.

The lack of knowledge regarding the amount of profit that will be earned.

Involves successive stages for manufacturing finished products, like sugar and paper.

Assembles different component parts to make a new product, like televisions or cars.

Hindrances related to persons, place, time, risk, finance, and information.

It was the greatest seat of commerce in Western India, linked with important marts by roadways.

To remove the hindrance of time by holding stocks of goods.

The Indian subcontinent enjoyed a favorable balance of trade where exports exceeded imports.

Consumable items (e.g., sugar, ghee) and capital goods (e.g., machinery, furniture).

To earn profits on the capital employed.

Warehousing helps in storing goods to prevent loss or damage and ensures availability when needed, maintaining reasonable price levels.

A professional code of conduct must be followed.

The possibility of inadequate profits or losses due to uncertainties or unexpected events.

An industry that analyzes and separates different elements from the same materials, like an oil refinery.

Spices, wheat, sugar, indigo, opium, sesame oil, cotton, live animals, and animal products.

Because businesses must balance multiple objectives to achieve excellence and ensure long-term survival and prosperity.

Factors in the environment and individual perceptions of desirability and feasibility.

It cannot be called a business activity.

It referred to the Indian subcontinent's reputation as a land of wealth, as noted by travelers.

Risks of loss or damage due to theft, fire, accidents, etc.

Silk route and maritime trade.

A major center on the land route between India and Central Asia, also a city of financial and commercial banks.

Economic activities are motivated by financial gain, while non-economic activities are motivated by emotions like love or sympathy.

Patliputra, Peshawar, Taxila, Indraprastha, Mithila, Maduram, Surat, Ujjain, Kanchi.

To earn income by way of profit.

Combines various ingredients into a new product, such as cement.

They include machines, equipment, and buildings necessary for operations.

A competent and committed workforce.

Cooking food and selling it in a restaurant.

It was one of the greatest ports connected by sea and land with the West and the Far East.

The sale, transfer, or exchange of goods, either physical or virtual.

India shifted from being an exporter of processed goods to an exporter of raw materials and a buyer of manufactured goods.

A person who sets up their own business.

To achieve a self-reliant socialistic pattern of society.

Provision of goods and services to the public.

Warehousing allows businesses to hold stock of goods that are not immediately sold or consumed, facilitating timely availability.

Fixed assets like land and machinery, and current assets like raw materials and stock.

Agate, carnelian, muslin, and mallow cloth.

It was the emporium of western trade, famous for textiles with gold borders (zari).

Identify skill requirements and plan for training and motivation.

To inform consumers about available goods and services.

It refers to maintaining goodwill and reputation to succeed and form a distinct identity in the market.

Availability of raw materials, labor, power supply, and services like banking and transportation.

It is central to growth and provides a competitive edge in the market.

It helps to appreciate how business activities differ from other societal activities.

Mithila.

Horses, animal products, Chinese silks, linen, wine, gold, silver, and copper.

Port towns, manufacturing towns, mercantile towns, sacred centers, and pilgrimage towns.

Pearls, glass, and rare stones.

A financial instrument used by Indian merchant communities for trade transactions.

It was a center for trade in perfumes, cosmetics, silk, wool, cotton, and precious stones, and also for shipbuilding.

A profession requires membership in a professional body and a certificate of practice.

Insurance covers risks related to factory buildings, machinery, goods in stock or transit, and employee accidents.

Centralized economic planning and emphasis on public investment in basic and key industries.

Speculative risks and pure risks.

A systematic, purposeful, and creative activity of identifying a need, mobilizing resources, and organizing production to deliver value.

Because no business can survive for long without profit.

Removing hindrances in the process of exchange.

Customer requirements in the market and the entrepreneur's technical knowledge and interest.

They provide the capital required for various activities.

It makes goods available to consumers, which is necessary for large-scale production.

Advertising and Public Relations (PR).