GENERAL KNOWLEDGE

GK

BUSINESS ECONOMICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
An action or task that is performed, usually for a fee.
A
Service
B
Profit
C
Customer
D
Economics
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

There is 1 question to complete.