GK
BUSINESS ECONOMICS
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Question
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Detailed explanation-1: -There are three main types of business activities: operating, investing, and financing.
Detailed explanation-2: -Some fundamental operating activities for a business are sales, customer service, administration and marketing. These activities are part of the normal functioning of a business that affects its monthly, quarterly and annual income and profits.
Detailed explanation-3: -There are three common types of businesses-sole proprietorship, partnership, and corporation-and each comes with its own set of advantages and disadvantages.
Detailed explanation-4: -The term “business activities” refers to any economic activity that is involved in the production of goods and services to meet the demands of customers and ensure profit through customer satisfaction, whether directly or indirectly.