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16 November, 00:11

Mondie Weller decides to start a residential landscaping business. How would this business most likely be classified? A. Manufacturing business B. Marketing intermediary C. Service business D. Corporation E. Nonprofit organization

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  1. 16 November, 00:30
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    His business will most likely be classified as C. Service business

    Explanation:

    Mondie Weller will be paid for residential landscaping services. The best classification will be a Service Business since the value the client gets varies from client to client as per their needs. Also there is no conversion of inputs into output so it will be incorrect to call it a Manufacturing Business.
  2. 16 November, 00:31
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    C. Service business

    Explanation:

    A service business is a type of business model that involves performing of tasks or provision of activities that require specific skills and expertise to individuals and companies for commercial purposes. The products produced by a service business go beyond physical products, they are products of intangible value that are of immense benefits.

    The residential landscaping business that Mondie Weller wants to start, would most likely be classified as a service business.

    Other examples of service business include education, consulting, insurance etc.
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