Match the correct pairs :Group ‘A’Group ‘B’(a) Directing(1) Single seller(b) Warehousing(2) It is the process of recruiting, selecting, placing and remunerating(c) Outsourcing(3) To maintain solvency and prestige(d) Responsibility towards investors(4…

Answer: (a) – (9), (b) – (5), (c) – (10), (d) – (3), (e) – (1)

• Directing is the function of instructing, guiding, communicating with and motivating subordinates.
• Warehousing stores goods from the time of production until they are needed, so it creates time utility.
• Outsourcing of business processes such as customer care, billing or data entry to an outside agency is called Business Process Outsourcing (BPO).
• Business has a responsibility to its investors to use their funds properly and maintain the solvency and prestige of the firm, so that their investment is safe and earns a fair return.
• Monopoly is a market situation with a single seller and no close substitute.