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Questions and Answers
Which of the following best describes the term 'business' according to Urwick and Hunt?
Which of the following best describes the term 'business' according to Urwick and Hunt?
- Any activity that involves production or purchase of goods
- Any article or service that other members of the community need and are willing to pay for (correct)
- Any organized effort to make a living
- Any enterprise that provides goods and services necessary to an economic system
What is the main objective of business?
What is the main objective of business?
- To describe the categories of e-commerce
- To engage in profit-seeking activities (correct)
- To provide goods and services necessary to an economic system
- To classify business activities
What does the term 'commerce' refer to?
What does the term 'commerce' refer to?
- The trade of goods and services (correct)
- The distribution of goods
- The rendering of certain services
- The purchase of goods
What is e-commerce?
What is e-commerce?
What are the advantages of e-commerce?
What are the advantages of e-commerce?
Business represents organized efforts by an individual or group of individuals engaged in making a ______.
Business represents organized efforts by an individual or group of individuals engaged in making a ______.
According to Urwick and Hunt, 'Business is any enterprise which makes, distributes, or provides any article or service, which other members of the community need and are able and willing to ______ for.
According to Urwick and Hunt, 'Business is any enterprise which makes, distributes, or provides any article or service, which other members of the community need and are able and willing to ______ for.
Business comprises all profit seeking activities and enterprises that provide goods and services necessary to an ______ system.
Business comprises all profit seeking activities and enterprises that provide goods and services necessary to an ______ system.
After studying this unit, you will be able to: classification of business activities; industry and its types; commerce- trade and its ______; define the term e-commerce; describe the categories of e-commerce; and discuss the ______ of e-commerce.
After studying this unit, you will be able to: classification of business activities; industry and its types; commerce- trade and its ______; define the term e-commerce; describe the categories of e-commerce; and discuss the ______ of e-commerce.
______ is any enterprise which makes, distributes, or provides any article or service, which other members of the community need and are able and willing to pay for.
______ is any enterprise which makes, distributes, or provides any article or service, which other members of the community need and are able and willing to pay for.
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