Question

a business primarily creates value by:
select one:
a. avoiding all risk
b. providing goods or services that satisfy needs
c. eliminating competition by law
d. maximizing regulation

Explanation:

• Option a: Businesses can't avoid all risk as risk is inherent in operations, so this is incorrect.
• Option b: The core of a business is to provide goods or services that meet customer needs, which creates value.
• Option c: Eliminating competition by law is not a primary way businesses create value and is often unethical/illegal.
• Option d: Maximizing regulation is not how businesses create value; they typically aim to operate within regulations efficiently.

Answer:

b. Providing goods or services that satisfy needs