Which of the following clearly defines business?

Assessment: WAEC SSCE - Commerce - 1996 (Objective) Subject: Commerce

Question 1 Report

Which of the following clearly defines business?
Answer Details
, "Any productive activity undertaken for profit motive," clearly defines business. Business refers to any economic activity that is undertaken for the purpose of generating profit. This could involve buying and selling goods or services, manufacturing products, or providing services to customers. The goal of a business is to generate revenue that exceeds its costs and to maximize its profits.
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