The Predominant Types of Businesses in Canada Are

question 9

Multiple Choice

The predominant types of businesses in Canada are:

• A) merchandising businesses.
• B) manufacturing businesses.
• C) service businesses.
• D) wholesale businesses.
• E) retail businesses.

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Definitions:

External Benefit

A positive effect or advantage that results from a product or service's production or consumption, which affects third parties not directly involved in the transaction.

Tax

A financial charge imposed by a government on individuals or entities, primarily to raise revenue for public expenditures.

Activity

Engagements or actions undertaken by individuals, businesses, or economies, often implying economic transactions or movements.

Private Property

A legal designation for the ownership of property by non-governmental legal entities, affording the owner exclusive rights to the use, disfranchisement, and transfer of the property.