ENTREPRENEURSHIP

Detailed explanation-1: -The answer is True. If an activity is not carried out with such an intention (even if there are sales generated and expenses incurred), the organization is not classified as a business but rather a not-for-profit organization.

Detailed explanation-2: -Yes. Business is an economic activity carried on by a few or more individuals to produce, buy, or sell goods and services that satisfy human needs and help in earning income.

Detailed explanation-3: -Ans-Business refers to activities concerned with the production and exchange of goods and services with the aim of earning profits by regular dealings. According to L.H. Elaney, “Business may be defined as human activities directed towards providing or acquiring wealth through buying and selling of goods.”

Detailed explanation-4: -Religion annually contributes about $1.2 trillion dollars of socio-economic value to the United States economy, according to a 2016 study by the Religious Freedom & Business Foundation. That is equivalent to being the world’s 15th-largest national economy, outpacing nearly 180 other countries and territories.