Commerce Exam > Commerce Questions > Business includes _____.a)non-economic activi...
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Business includes _____.
- a)non-economic activities
- b)economic activities
- c)social activities
- d)production activities
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Business includes _____.a)non-economic activitiesb)economic activities...
Business includes Economic Activities.
Explanation:
Business refers to the activities which are performed with the objective of earning profit. Economic activities are the activities which are performed with the aim of earning income or wealth. Therefore, business is an economic activity.
Some of the activities that come under the scope of economic activities and hence, business are:
1. Production: This involves the creation of goods or services. It includes activities like manufacturing, farming, mining, etc.
2. Distribution: This involves the movement of goods or services from producers to consumers. It includes activities like transportation and warehousing.
3. Exchange: This involves the buying and selling of goods or services. It includes activities like trading and retailing.
4. Finance: This involves the management of money and other financial resources. It includes activities like banking and investment.
5. Marketing: This involves the promotion and sale of goods or services. It includes activities like advertising and salesmanship.
Therefore, all these activities are economic activities and are a part of business.
Explanation:
Business refers to the activities which are performed with the objective of earning profit. Economic activities are the activities which are performed with the aim of earning income or wealth. Therefore, business is an economic activity.
Some of the activities that come under the scope of economic activities and hence, business are:
1. Production: This involves the creation of goods or services. It includes activities like manufacturing, farming, mining, etc.
2. Distribution: This involves the movement of goods or services from producers to consumers. It includes activities like transportation and warehousing.
3. Exchange: This involves the buying and selling of goods or services. It includes activities like trading and retailing.
4. Finance: This involves the management of money and other financial resources. It includes activities like banking and investment.
5. Marketing: This involves the promotion and sale of goods or services. It includes activities like advertising and salesmanship.
Therefore, all these activities are economic activities and are a part of business.
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Community Answer
Business includes _____.a)non-economic activitiesb)economic activities...
The answer is B. economic activities according to the characteristics of a business.
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Business includes _____.a)non-economic activitiesb)economic activitiesc)social activitiesd)production activitiesCorrect answer is option 'B'. Can you explain this answer?
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