MNB1501 (MNB1501)
Bay Area College Of Nursing
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MNB1501 - Complete Exam Prep For Distinction 2022
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The business world and business management 
The most important characteristic of the business world in countries that adopt a market economy is 
1.	That the business involves human activities 
2.	That the businesses produce predominantly tangible products such as bread, cars and houses 
3.	That individuals themselves decide what to produce, how to produce and what to price to sell the product 
4.	That the rationing of products occurs and prices of products are set by the state 
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