Business Is the Organized Effort of Individuals to Produce and Sell

question 134

True/False

Business is the organized effort of individuals to produce and sell for a profit the goods and services that satisfy society's needs.

---

Definitions:

Organizational Context

The combination of internal and external factors that influence how an organization operates and affects its strategies and performance.

Team Design

The method of organizing a team's structure, roles, and communication patterns to optimize its effectiveness and collaboration.

Team Culture

The shared values, beliefs, norms, and practices that shape the behavior and interaction of members within a team.

Ethnic Origin

pertains to the background or heritage of an individual, identifying them as belonging to a specific racial, national, or cultural group.