Which of the following is an example of a product-based business?
Answer and explanation
Correct answer: Selling notebooks and pencils
A product-based business mainly offers tangible goods that customers can see, own, and use. Notebooks and pencils are physical products exchanged for money, so selling them is a clear example of product business. Giving advice, singing, or providing directions mainly involves an activity or service rather than a tangible good. Therefore, option A is the only suitable answer.
Frequently asked questions
What is the correct answer to this question?
Selling notebooks and pencils
Why is this the correct answer?
A product-based business mainly offers tangible goods that customers can see, own, and use. Notebooks and pencils are physical products exchanged for money, so selling them is a clear example of product business. Giving advice, singing, or providing directions mainly involves an activity or service rather than a tangible good. Therefore, option A is the only suitable answer.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Business, Trade and Commerce. Topic: Classification of business activities.
