Question
State the term given to each of the following statements:
(a) Activities carried out with a view of making profit
(b) Increasing the usefulness of a good or service
(c) Movement of goods from producers to consumers
(d) A person who uses a good or service
(b) Increasing the usefulness of a good or service
(c) Movement of goods from producers to consumers
(d) A person who uses a good or service
Answer
(a) Activities carried out with a view of making profit- Business
(b) Increasing the usefulness of a good or service- production
(c ) Movement of goods from producers to consumers - distribution
(d) A person who uses a good or service- consumer
(b) Increasing the usefulness of a good or service- production
(c ) Movement of goods from producers to consumers - distribution
(d) A person who uses a good or service- consumer
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