Question

Select the proper option from the option given below and rewrite the completed sentences.

Business organization is a part of ________.
(a) Industry
(b) Government
(c) Society

Answer 1

Correct option- c
Business organisation is a part of society.

Explanation:
The society supports the existence and growth of business organisations, as it provides raw materials and labour that are used in the production of goods and services. These goods and services are sold in the society by the business firms at a profit. Thus, it is said that a business is a part of society.