GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Business
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Entrepreneurship
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Economics
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Corporation
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Detailed explanation-1: -Marketing refers to all activities a company does to promote and sell products or services to consumers.
Detailed explanation-2: -The operations function consists of all activities directly related to producing goods or services.
Detailed explanation-3: -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-4: -Dealing in goods and services – Business deals with goods and services. The goods can be of two kinds – (a) Consumer goods (e.g. milk, sugar, T.V. etc.), and (b) Producer goods (e.g. machines, tools etc.) Business also deals with services (e.g. transport, insurance, banking etc.)