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Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Opportunity3 Marks
Question
What is trading? What advantage does it possess over manufacturing?
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Answer

Trading means buying and selling goods to consumers at a profit. e.g. grocers, departmental stores, e-commerce are all trading activities. Trading has an advantage over manufacturing because:
  1. It is easy to set-up due to less formalities.
  2. Lesser finance/ investment is required.
  3. Less risky.

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Source of Finance
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