Examlex
The REA model classifies entities into three basic categories.Which of the following is one of these three?
Household
A person or group of people living together in a single living accommodation, sharing meals or living space, and may consist of a family or other socially cohesive unit.
Repeat Purchases
The act of buying a product or service again after the first purchase, indicating customer loyalty or satisfaction.
Social Responsibility Concept
The belief that businesses should contribute to the welfare of society and not be solely focused on maximizing profits.
Profit Motive
The fundamental purpose of businesses to earn profits, driving their operational and strategic decisions.
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