Which of the following statements about businesses is true?
A)Businesses provide goods and services and receive payment in money.
B)Businesses frame rules and regulations to maintain the law and order in a country.
C)Businesses determine the kinds of goods and services that a government will use.
D)Businesses do not interact with other players in the economy.
E)Businesses are seldom affected by economic cycles.

Question

Quizplus · Accepted Answer

Businesses primarily exist to provide goods and services to consumers in exchange for payment, typically in the form of money. This is a fundamental aspect of how businesses operate within an economy.

Which of the Following Statements About Businesses Is True