business organisations is not involves economic events state true or false
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Answer:
false
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False, this statement is not true because business includes economics.
Explanation:
- Business is done with the main purpose of earning a profit, it is a commercial activity that involves the transfer of goods and services in return for some consideration which is treated as profit.
- Profit is essential for any business because it gives strength and support to the business and helps it to grow.
- Any business organization is primarily based on economic transaction and events and we can even say business and economic events are the two sides of one coin.
- Thus, the statement of the question proves to be wrong.
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