Question

If there is no regularity in dealings, an activity cannot be called business. Do you agree? Give reason in support of your answer.

Answer 1

Yes, regularity in dealings is essential for an activity to be considered a business. The reasons are:
1. Continuity: Regularity ensures that the business operates continuously, allowing it to grow and build a loyal customer base.
2. Profit Generation: Businesses aim to earn profits, which is possible only through
consistent dealings.
3. Trust and Reputation: Regular operations help in establishing trust with customers and improving the business’s reputation in the market.

For example, a shop that sells products every day is a business, but selling personal belongings occasionally is not a business activity.