Question 13 of 31
Q.Normally high level risk involved in ________.
(a) Commerce
(b) Trade
(c) Industry
(d) All of the above
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2022MCQ· 1mImportance★★★★★
42% · 13/31 Questions
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Start your 14-day free trial to unlock the full solution →The answer is option (c) Industry, which normally involves the highest level of risk among business activities.
Business activity is broadly divided into industry and commerce (trade + aids to trade). Comparing the risk involved:
- Industry deals with the extraction, production and processing of goods. It requires heavy fixed investment in plant and machinery, holds large stocks of raw material, and has a long production cycle before goods can be sold — exposing it to price changes, technological obsolescence and demand uncertainty. Hence its risk is the highest. …
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