BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The process by which one or two or more persons engage in commercial activity for profit.
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Business
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Commerce
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Trade
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Partnership
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Explanation:
Detailed explanation-1: -A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits.
Detailed explanation-2: -Profitability measures how efficient the business is in using its resources to produce profit (rate of return on investment). Unlike profit, profitability is a relative measure of the success or failure of a business.
Detailed explanation-3: -Scalability, whether in a financial context or within the context of business strategy, refers to an organization’s ability to grow without being hampered by its structure or available resources when faced with increased production.
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