GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An action or task that is performed, usually for a fee.
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Service
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Profit
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Customer
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Economics
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Explanation:
Detailed explanation-1: -service. An action or activity done for others for a fee.
Detailed explanation-2: -Services are actions or activities that one person performs for another.
Detailed explanation-3: -What is a production process? A production process is a method of using economic input or resources, like labor, capital equipment or land, to provide goods and services to consumers.
Detailed explanation-4: -Productive Consumption. Slow Consumption. Quick Consumption. Wasteful Consumption. Income − The budget constraints effects in consumer choices are usually expressed with two products on the vertical and horizontal axes. 24-Jun-2022
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