Question

The term business includes every lawful trade, occupation and profession.

• A. True
• B. False
• C. Sometimes false
• D. None of the above

Answer 1

The correct option is A True

Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.An example of a corporate business is PepsiCo, while a mom-and-pop catering business is a private enterprise.