GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Business that use mostly labor to offer mostly intangible products to satisfy consumer needs.
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domestic goods
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service business
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franchise
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industry
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Explanation:
Detailed explanation-1: -Service businesses are a type of commercial business that use mostly labor to offer mostly intangible products to satisfy consumer needs. For example, lawn mowing is a service.
Detailed explanation-2: -Production is an activity that involves making of goods or service that a person needs. Explanation: Production activities involve the making of goods and services for the consumers in the market. The people who are involved with production of goods and services are termed as ‘producers’.
Detailed explanation-3: -Competitors are organizations that produce goods and services that are similar and comparable to a particular organization’s goods and services.
There is 1 question to complete.