Answered

1. Mr. Shenoy wanted to start a business of supplying readymade garments. However, he was wondering about how much profit or return on investment he would be able to earn.

Which characteristic of business is reflected here?

(a) Economic Activity
(b) Profit Earning
(c) Uncertainty of Return
(d) Element of Risk



Answer :

GinnyAnswer

Final answer:

The characteristic of business reflected in Mr. Shenoy's venture is profit earning and the element of risk in business endeavors.


Explanation:

Profit Earning is the characteristic of business reflected in Mr. Shenoy's contemplation about the return on investment in supplying readymade garments. The element of risk is also inherent in business ventures due to uncertainties like market changes and consumer preferences. Entrepreneurs must consider various factors such as costs, market demand, and regulatory requirements when starting a business to ensure profitability.


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