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Business Fundamentals Quiz

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Questions and Answers

What is the definition of business according to the lecture?

Any activity to create value

Any activity to generate revenue

Any activity to provide services

Any activity to earn profit (correct)

What is the form utility related to the industry?

People doing business by changing genes

Conversion of raw material into finished goods (correct)

Construction of buildings, roads, bridges etc.

Extraction of underground resources

Which type of industry involves the extraction of underground resources?

Genetics

Secondary Industry

Extractive Industry (correct)

Primary Industry

What activities are encompassed in commerce according to the lecture?

<p>All activities from the manufacturer's warehouse to the buyer</p> Signup and view all the answers

What does trade mean in the context of commerce?

<p>Buying and selling</p> Signup and view all the answers

Business Fundamentals Quiz

Choose a study mode

Podcast

Questions and Answers

What is the definition of business according to the lecture?

What is the form utility related to the industry?

Which type of industry involves the extraction of underground resources?

What activities are encompassed in commerce according to the lecture?

What does trade mean in the context of commerce?

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Business Fundamentals Quiz

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