Which of the following activities is an example of a business
To identify which of the following activities is an example of a business, we need to understand what constitutes a business. A business is an organization or enterprise involved in commercial, industrial, or professional activities, typically for the purpose of generating profit.
Here are the activities; we'll analyze each one to determine if it aligns with the definition of a business:
1. Selling handmade crafts online - This activity involves selling products online, which is a commercial activity. If the person is selling these crafts with the intention of making a profit, it can be considered a business.
2. Participating in a charity run - Participating in a charity run can be a personal or altruistic activity, but typically it is not considered a business unless the organization is generating revenue from the event.
3. Writing a book as a hobby - Writing a book as a hobby is primarily a creative endeavor and not inherently a business. However, if an author intends to publish and sell the book for profit, it can transition into a business activity.
4. Volunteering at a local shelter - Volunteering is typically a non-profit and charitable activity and not classified as a business since it doesn't involve generating profit for the individual or organization.
Based on the analysis, activity 1 (selling handmade crafts online) can be considered an example of a business if the person intends to make a profit.