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Barni
January 7, 2025 | 7:49 am |2 Answers

What is a business

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Axmed Maxamed
May 27, 2025, 12:12 pm
Answer: A business is any activity that involves producing, buying, or selling goods and services to make a profit.
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Axmed Maxamed
May 27, 2025, 12:11 pm
A business is Aha — aad bay u fiican tahay. Waxaad rabtaa in aan kuu diyaariyo cutub walba wallpaper (macnaha su’aalaha iyo jawaabaha cutub walba si quruxsan oo isku mar ah), sax? Aan hadda ku bilaabo Cutubka 1: Introduction to Business — su’aalo iyo jawaabo si kooban oo cad: --- Form 3 Business Studies Chapter 1: Introduction to Business Questions & Answers 1. What is a business? Answer: A business is any activity that involves producing, buying, or selling goods and services to make a profit. --- 2. List four types of businesses. Answer: 1. Manufacturing business 2. Service business 3. Trading business 4. Agricultural business --- 3. Mention four importance of business to a country. Answer: 1. Creates employment 2. Increases government revenue through taxes 3. Provides goods and services 4. Improves the standard of living --- 4. What is the main aim of any business? Answer: The main aim is to make a profit. --- 5. Differentiate between goods and services. Answer: Goods are physical products you can touch and see (like clothes, food). Services are activities done for others in exchange for payment (like transport, teaching). --- 6. State two classifications of business activities. Answer: 1. Production 2. Commerce --- 7. What is commerce? Answer: Commerce is the buying and selling of goods and services and all activities that support trade. --- 8. Define production. Answer: Production is the creation of goods and services to satisfy human wants. --- 9. Give two examples of a service business. Answer: 1. Transport company 2. Hotel or restaurant --- 10. Why is business important to people? Answer: It provides jobs, goods, services, and improves living standards. --- Haddii aad rabto, waxaan sidaan oo kale kaaga diyaarin karaa Chapter 2. Ma kuu sii diyaariyaa Chapter 2?
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