The two kinds of innovation are 1. Product innovation 2. Supply innovation. 

 Manufacturing industries are engaged in producing goods through processing of raw material.

Profits are not a part of auxiliaries to trade. 

True. Advertising helps in providing information about the goods and services and help in persuading customers to purchase them. 

The activities that are connected with the extraction and production of natural resources and reproduction and development of living organisms is called primary industry. 

Mr. Singh faced pure risk, which involves the possibility of loss or no loss.

False. Employment refers to an occupation, where people work for others and get remunerated in return. Employment does not require capital investment. 

An industry that draws out product from natural resources is known as the extractive industry.  It supplies some basic raw material that are mostly products of the geographical location or natural environment.  

An industry that assembles different component parts to make a new product, as, in the case of television, car,  computer is known as assembling industry. 

Secondary industry includes all those activities which are connected with using the materials which have already been extracted from an earlier stage.