Defining gross domestic product and its significance. Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

Question

Want to see the full answer?

Answer 1

Question

Chapter 1.4B, Problem 2CC

Summary Introduction

To determine: Defining gross domestic product and its significance.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Explain the term economic environment?

How can businesses use economic indicators to develop and guide their strategic plans?

five economic challenges faced by businesses today and ways of overcoming those challenges

Answer 2

Question

Chapter 1.4B, Problem 2CC

Summary Introduction

To determine: Defining gross domestic product and its significance.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 1.4B, Problem 2CC

Summary Introduction

To determine: Defining gross domestic product and its significance.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 1.4B, Problem 2CC

Summary Introduction

To determine: Defining gross domestic product and its significance.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 1.4B, Problem 2CC

Summary Introduction

To determine: Defining gross domestic product and its significance.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

Answer 6

Chapter 1.4B, Problem 2CC

Summary Introduction

To determine: Defining gross domestic product and its significance.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

Answer 7

Chapter 1.4B, Problem 2CC

Summary Introduction

To determine: Defining gross domestic product and its significance.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 1.1B - Prob. 1CC Ch. 1.1B - Prob. 2CC Ch. 1.1B - Prob. 3CC Ch. 1.2C - Prob. 1CC Ch. 1.2C - Prob. 2CC Ch. 1.2C - Prob. 3CC Ch. 1.3C - Prob. 1CC Ch. 1.3C - Prob. 2CC Ch. 1.3C - Prob. 3CC Ch. 1.3C - Prob. 4CC

Solution Summary: The author defines business as the planned exertion of people to manufacture and trade, for revenues, goods and services that fulfill the requirements of the people.

Want to see the full answer?

Chapter 1 Solutions