3 Questions
What is a business organisation?
A legal entity formed to carry out commercial activities
What is the primary purpose of a business organisation?
To generate profit through commercial activities
Which characteristic distinguishes a business organisation from other entities?
Profit motive
Test your knowledge of business organisation definitions with this quiz. Explore the primary purpose of a business organisation and the key characteristics that distinguish it from other entities. Sharpen your understanding of the fundamental concepts in business management.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
