Question

Which of the following best defines business activities?

Options

• All actions aimed at producing and distributing goods or services to meet human needs.

• Only the process of buying and selling goods.

• Activities are limited to manufacturing only.

• Services provided exclusively by government agencies.

Answer 1

All actions aimed at producing and distributing goods or services to meet human needs.

Explanation:

Business activities encompass both production and distribution to satisfy human wants and contribute to economic development.