Question

"Business firm is the hub of business activity". Explain.

Answer 1

Answer:

hey dear here your answer☃

Explanation:

Business is the buying, selling & exchange of goods & services for-profit service or motive is commonly known as business. The term business is derived from the word ‘busy’. In a specific sense, business activities refer to any occupation in which people regularly engage in an activity with a view to earning the profit. Let us take a look at the classification of business activities.

Into two broad categories, various business activities can be classified-

Industry

Commerce

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