Business Concepts and Development Stages Quiz

Environmental conservation efforts

Personal development

Social welfare programs

Economic activities for profit (correct)

Independent of economic factors

Risk and uncertainty (correct)

Non-profit orientation

Short-term perspective

To simplify decision-making processes (correct)

To confuse stakeholders

To discourage innovation

To promote social equality

<p>Industry involves production of goods, while commerce involves buying and selling of goods.</p> Signup and view all the answers

<p>Modern businesses embrace innovation and technological advancements, while traditional businesses follow conventional practices.</p> Signup and view all the answers

<p>Professions are not profit-oriented, unlike businesses.</p> Signup and view all the answers