3 Questions
What is the primary motive of business according to the given characteristics?
Profit motive
What differentiates business from non-business activities based on the given characteristics?
Profit motive
Which element is essential for the satisfaction of human needs through business?
Dealings in goods and services
Test your knowledge of business characteristics with this quiz! Explore concepts such as sale, transfer, exchange, satisfaction of human needs, dealings in goods and services, recurrence of transactions, profit motive, and the element of risk.
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