. If Mr. Raghav sells his domestic radio set at a profit, he will not be considered a businessman. But if he sells radio sets regularly either through a shop or from his residence, he will be regarded as a businessman? (a) An economic activity (b) Sale or exchange of goods and services (c) Dealings in goods and services on a regular basis (d) Profit earning nrot Poultry farms ltd are engaged inβ
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Answer:
an economic activity
Explanation:
because he will do business for profit motive his intension is to create wealth
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Option C is the correct answer i.e., Dealings in goods and services regularly.
- As Mr. Raghav regularly sells radios either from his shop or residence, so he is a businessman.
- A business is an organization or enterprising body that engages in commercial, industrial, or professional activities.
- Businesses can be for-profit businesses or nonprofit organizations. Among the various business structures are partnerships, corporations, limited liability companies, and sole proprietorships.
- The word "business" derives from the verb "to be busy," which refers to action. It consistently functions.
- A business's responsibility is to manufacture and market products and services to meet customer demands.
- A business's goal is to provide value to consumers, who then exchange that value for cash or other payment methods.
- The money received should, at the very least, cover the owner's basic living expenses and the expenditures of running the firm.
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