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Which of the following does not characterize business activity?
Production of goods & services
Presence of risk
Sale or exchange of goods and services
Salary and wages
- Production of goods & services:
This is a core aspect of business activity. Businesses produce goods or offer services to meet consumer needs.
- Presence of risk:
Risk-taking is inherent in business activities. Businesses face uncertainties related to market demands, competition, and economic changes.
- Sale or exchange of goods and services:
Businesses exist to sell or exchange goods and services. Revenue generation through sales is fundamental to business operations.
- Salary and wages:
This does not characterize business activity itself. Instead, salaries and wages are payments to employees for their work within the business.
By: santosh ProfileResourcesReport error
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