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Business Basics
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Business Basics

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Questions and Answers

Which term is business derived from?

  • Businesslike
  • Businesswoman
  • Busy (correct)
  • Businessman

    • What does business refer to in a specific sense?

  • Satisfying human needs
  • Being busy
  • Earning profits (correct)
  • Engaging in economic activities

    • How are economic activities different from non-economic activities?

  • Economic activities satisfy human needs
  • Economic activities involve earning a livelihood (correct)
  • Non-economic activities are related to purchase and sale of goods
  • Non-economic activities involve love and sentiment

    • How can business be defined?

    <p>An occupation involving production and sale of goods and services</p> Signup and view all the answers

    What are economic activities performed for?

    <p>Earning profits</p> Signup and view all the answers

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