5 Questions
What is the primary goal of business activities?
To create wealth through the satisfaction of human wants
What is the characteristic of business that makes it a social process?
It is run by owners and employees with the help of professionals and customers
What is the role of humans in business activities?
To participate in the economic activity
What is the outcome of a systematic arrangement of various elements in business?
The attainment of a particular objective
What is the underlying plan that guides business activities?
A well-established plan
Test your understanding of the nature of business, including its economic and social aspects. Learn about the different characteristics of business and its role in human activity. Identify the key elements that define business and its importance in society.
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