Question : Statement 1:The object of enterpreneurship is law full business.
Statement 2: Entrepreneurship has certain temperamental,skill and other knowledge and competency requirements that can be acquired.
 

Question : Which of the following statement is correct?
Statement 1: Labeling is used as an ineffective sales promotional tool.
Statement 2: Labelling is to provide statutory warning required by law.
 

Question : Statement 1: Marginal utility is the additional satisfaction derived from consuming one additional unit of a good.

Statement 2: The law of diminishing marginal utility states that as a consumer consumes more of a good, the additional satisfaction derived from each

Question : Law of Demand is a:
(a) Qualitative Statement
(b) Quantitative Statement
 

Question : Assertion (A): The price demand curve is negatively sloped.
Reason (R): Inverse relationship between price and demand is stated by the law of demand, holding all other parameters constant.