Question

Qus5 Discuss the
Legal and functional aspects of a business.
Ans 5-​

Answer 1

Answer:

production (function- first line)

creates or obtains products or services for sale.

the primary reason for a business to exist is to provide products or services to consumers and earn a profit.

This includes:

Production of obtaining raw materials

Processing

changing the form of the materials (paper, metals, etc.)

Services

(salons, tax returns, travel agents, etc.)

Explanation:

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