GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Economics
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Business
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Economic activity
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Consumers
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Detailed explanation-1: -Business may be defined as an economic activity involving production and sale of goods and services undertaken with a motive of earning profits by satisfying human needs in society. It includes activities concerned with manufacturing, trading, transportation, insurance, warehousing, banking and finance, etc.
Detailed explanation-2: -Operating activities relate directly to the business providing its goods to the market, including manufacturing, distributing, marketing, and selling; they provide most of the company’s cash flow and hugely influence its profitability.
Detailed explanation-3: -Business is the buying, selling & exchange of goods & services for-profit service or motive is commonly known as business.