Business, Trade and Commerce · Class 11 · CBSE · Commerce Business Studies
Which of the following activities is NOT considered a part of business according to the economic and commercial perspective?
Practice question from Business, Trade and Commerce (Class 11 · CBSE · Commerce Business Studies), with the correct answer and a step-by-step solution.
easy · MCQ · Q-8184C5
Which of the following activities is NOT considered a part of business according to the economic and commercial perspective?
- A.Production of electronic goods
- B.Wholesale distribution of medicines
- C.Cooking food at home for family membersCorrect answer
- D.Providing commercial banking services
Solution
Business activities must involve an element of economic motive, regular dealing, and exchange for profit or utility. Cooking food at home for family members is done out of love and affection (non-economic activity), whereas the others are economic activities.
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