Home › Bihar Board Class 12 (Commerce) › Business Studies › Nature and Purpose of Business › Cooking food at home for the family is not busin…
Cooking food at home for the family is not business because it lacks what?
ACapital goods
BRaw material
CSkilled staff
DSale or exchange
Answer & Solution
Correct answer: D. Sale or exchange
Goods made for personal use are not sold, and sale or exchange is essential to business.
Related questions
Availability of raw materials and power supply mainly influences which decision?Which factor should an entrepreneur decide first when starting a business?An entrepreneur is described as a job-provider rather than what?The business unit resulting from entrepreneurship is called what?The process of setting up one's own business is called what?Dishonesty or carelessness of employees is which cause of business risk?Flood, earthquake and famine are what kind of cause of business risk?Which principle says higher risk can bring higher profit?