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Questions and Answers
A business involves continuous money making activity through the production, buying, or selling of products or services.
A business involves continuous money making activity through the production, buying, or selling of products or services.
True (A)
Business can only be conducted by organizations, not individuals.
Business can only be conducted by organizations, not individuals.
False (B)
Providing goods and services for earning profit is not considered a commercial activity.
Providing goods and services for earning profit is not considered a commercial activity.
False (B)
A business is a state of being busy as an individual or as an organisation in a profit earning economic activity. It is also defined is a continuous money making activity by producing buying or selling product or services.it is a commercial activity of providing goods and services for earning ______
A business is a state of being busy as an individual or as an organisation in a profit earning economic activity. It is also defined is a continuous money making activity by producing buying or selling product or services.it is a commercial activity of providing goods and services for earning ______
Providing goods and services for earning ______ is considered a commercial activity
Providing goods and services for earning ______ is considered a commercial activity
A business involves continuous money making activity through the production, buying, or selling of products or ______
A business involves continuous money making activity through the production, buying, or selling of products or ______
Flashcards
What is a business?
What is a business?
A continuous money-making activity through production, buying, or selling.
Commercial Activity
Commercial Activity
Providing goods and services to gain revenue.
Profit
Profit
The financial gain from business activities, crucial for sustainability and growth.
Services
Services
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Study Notes
Definition of Business
- A business involves continuous money making activity through the production, buying, or selling of products or services.
- Business is a state of being busy as an individual or as an organization in a profit-earning economic activity.
- Providing goods and services for earning profit is considered a commercial activity.
Characteristics of Business
- Business can be conducted by individuals or organizations.
- Business involves continuous money making activity.
Key Features of Business Activity
- Production of products or services.
- Buying or selling of products or services.
- Earning profit is a primary goal.
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