Home › Bihar Board Class 12 (Commerce) › Business Studies › Nature and Purpose of Business › Which activity involves conversion of resources …
Which activity involves conversion of resources into useful goods?
AIndustry
BTrade
CBanking
DInsurance
Answer & Solution
Correct answer: A. Industry
Industry refers to economic activities connected with converting resources into goods.
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?