Question

Which one of the following is not the feature of business a. creation and utilities b. regular dealing c. non ecnomic activities d. profit motive
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Answer 1

Answer:

B) Regular dealing is the answer

Answer 2

Non-economic activities are not the feature of a business.

• The basic purpose of a business organisation is to earn profit. Profit is also known as the blood of any business firm.
• Various business firms create utilities by providing the right product or service to the right customers at the right time.
• Another main characteristic of a business is regular dealing.
• For example, selling old furniture in a house is not considered a business because it is a one-time transaction.