Question

Which of the following statements is/are correct?

Options

• All business activities involve sale or exchange of goods and services for some consideration.

• Every business enterprise produces or buys goods and services for selling them to others.

• The primary objective of a business is to earn money and acquire wealth.

• All of these

Answer 1

All of these

Explanation:

1. Business activities always involve the exchange of goods and services for money or other forms of consideration.
2. Every business involves either producing or buying goods and services to sell them to others, which is the core of business.
3. The primary goal of any business is to generate profits and accumulate wealth.

Therefore, all the statements accurately describe the nature of business activities. Hence, all the statements are correct.