Question
Elements of Business Question on Personal Selling
Seema and Daya are two sisters who sell their domestic T.V. set at a profit. This is a/an...
A
Profession
B
Business
C
Non-economic activity
D
Economic activity
Answer
Economic activity
Explanation
Solution
Selling goods or services for a profit is classified as an economic activity because it involves monetary transactions and contributes to the economy. In this case, Seema and Daya’s act of selling their TV for a profit qualifies as an economic activity.