Commercial Applications
These organisations are engaged in buying and selling of goods.
- Banking and Finance Companies
- Trading Organisations
- Transport Organisations
- Manufacturing Organisations
Answer
Trading Organisations
Reason — Trading organisations are engaged in the buying and selling of goods. They include wholesalers, retailers, importers, and exporters who act as intermediaries between producers and consumers. Manufacturing organisations produce goods, transport organisations carry passengers and goods from one place to another, and banking organisations deal in money.
Related Questions
What is the meaning of 'Organisation'?
- An institutional arrangement to carry on some business activity.
- It is an incorporated association of persons created by law.
- A group of persons who join together to achieve some common objectives.
- None of these
What is the nature of activity of banking and finance companies?
- These organisations are engaged in designing and preparing advertisements.
- These organisations are engaged in accepting deposits and lending money.
- These organisations are engaged in storing and preserving goods on hire.
- These organisations are engaged in buying and selling of goods.
Firms producing biscuits, breads, noodles, jam, soup powder, spices etc.
- Food Industry
- Beverages Industry
- Personal care products Industry
- Home care products Industry
What is the meaning of Public Accountability?
- Money invested in public enterprises is public money and public sector enterprises are answerable to the public through the Parliament.
- Ultimate control of a public sector undertaking lies with the government.
- Public sector undertakings are fully owned by government or some public authority.
- None of these