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Questions and Answers
Which of the following is NOT a primary activity that keeps businesses in operation?
Which of the following is NOT a primary activity that keeps businesses in operation?
- Marketing products (correct)
- Keeping track of expenses
- Hiring people
- Making/providing products
What is the main focus of LAP-EC-071?
What is the main focus of LAP-EC-071?
- Leadership
- Performance
- Attitude
- Business activities (correct)
Why is it important to learn about business activities?
Why is it important to learn about business activities?
- To become a successful entrepreneur
- To understand how businesses operate (correct)
- To learn about different career paths
- To improve personal finance skills
Study Notes
Primary Business Activities
- Inbound logistics, operations, outbound logistics, marketing, and sales are primary activities that keep businesses in operation.
LAP-EC-071
- The main focus of LAP-EC-071 is to identify and analyze the primary and support activities of a business.
Importance of Learning Business Activities
- Learning about business activities is important because it helps to understand how businesses operate and how they can be improved.
- It helps to identify areas where a business can create a competitive advantage and optimize its resources.
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Description
Test your knowledge on types of business activities and how they are interrelated with this quiz on LAP 71 Performance Indicator: EC:071. Explore the importance of understanding business activities and apply your learnings to real-life scenarios.
