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Questions and Answers
A business involves continuous money making activity through the production, buying, or selling of products or services.
True
Business can only be conducted by organizations, not individuals.
False
Providing goods and services for earning profit is not considered a commercial activity.
False
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 ______
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Providing goods and services for earning ______ is considered a commercial activity
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A business involves continuous money making activity through the production, buying, or selling of products or ______
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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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Description
Test your knowledge of business definitions with this quiz. Explore the concepts of economic activities, profit earning, and commercial activities related to providing goods and services.
