BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
A business is any activity that generates employment and salaries for workers.
|
|
|
A business is any activity that provides goods or services to customers for the purpose of making a profit.
|
|
|
A business is any activity that is regulated by state and local government entities in order to insure tax revenue.
|
|
|
A business is any activity in an environment where more than one company competes for revenue.
|
Detailed explanation-1: -Business refers to an enterprising entity or organization that carries out professional activities. They can be commercial, industrial, or others. For-profit business entities do business to earn a profit, while non-profit ones do it for a charitable mission.
Detailed explanation-2: -A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations. Business types range from limited liability companies to sole proprietorships, corporations, and partnerships.
Detailed explanation-3: -Your business purpose is the reason you have formed your company, boiled down to a single sentence (or two). It can be industry-specific or general enough to include ancillary and future business activities. To understand the business purpose, it is important to distinguish it from your company’s vision or mission.
Detailed explanation-4: -A for-profit organization is one that operates with the goal of making money. Most businesses are for-profits that serve their customers by selling a product or service. The business owner earns an income from the profit and may also pay shareholders and investors from the profits.