Classifying Types of Services and Business Objectives
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Questions and Answers

What are some objectives of businesses as mentioned in the text?

  • Fame, financial gain, and job satisfaction
  • Profit, social consciousness, and power (correct)
  • Profit, prestige, and social control
  • Prestige, personal satisfaction, and protection
  • Which of the following is NOT a classification of services as per the text?

  • Marketing (correct)
  • Finance
  • Personnel
  • Recreation
  • What are some factors to consider when choosing a business according to the text?

  • Training and education, special aptitude (correct)
  • Competitive situation and personal satisfaction
  • Social status of the business, present demand
  • Availability of funds and location factors
  • Which objective of business focuses on the creation and distribution of goods and services?

    <p>Social consciousness</p> Signup and view all the answers

    Under the classification of services in the text, which industry falls under 'Personnel'?

    <p>Restaurants</p> Signup and view all the answers

    What is the main focus of INDUSTRY?

    <p>Production of goods</p> Signup and view all the answers

    Which industry involves converting raw materials into finished products?

    <p>Manufacturing Industry</p> Signup and view all the answers

    What kind of activities does COMMERCE primarily involve?

    <p>Trading and buying</p> Signup and view all the answers

    Which industry is involved in agriculture, forestry, and fish culture?

    <p>Genetic Industry</p> Signup and view all the answers

    In BUSINESS, what is the purpose of buying and selling goods or services?

    <p>Generating profit</p> Signup and view all the answers

    Which industry involves the extraction of goods from natural resources?

    <p>Genetic Industry</p> Signup and view all the answers

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