Multiple choice

Primary responsibility of a business is to produce goods and services that society wants and sell them at a profit

  1. Economic responsibility

  2. None of these

  3. Legal responsibility

  4. Personal responsibility

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The fundamental economic responsibility of a business is to be profitable by producing goods and services that meet society's needs. This is the baseline requirement for a business to survive.