The Organised Effort of Individuals to Produce and Sell, for a Profit

question 54

Multiple Choice

The organised effort of individuals to produce and sell, for a profit, the products and services that satisfy society's needs through the Internet is known as

• A) business.
• B) economy.
• C) entrepreneurship.
• D) e-business.
• E) e-marketing.

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Definitions:

Majority

More than half of a particular group or amount, often referring to the greater part of a specific population or quantity.

Stratification

The hierarchical arrangement of individuals or groups in a society based on factors like wealth, power, and social status, leading to inequality in opportunities and rewards.

Social Hierarchy

A system of ranking individuals or groups in a society based on various factors such as wealth, power, or prestige.

Forbes’s Asia

A business magazine franchise focusing on Asia, offering analysis and insights related to business, finance, economics, and investment in the Asian region.