A type of business in which the principal source of revenue is compensation for services rendered to a business firm or to a person is a
A) mercantile enterprise.
B) manufacturing enterprise.
C) professional service enterprise.
D) retail enterprise.

Question

Quizplus · Accepted Answer

The definition provided matches the characteristics of a professional service enterprise, where the main source of revenue comes from providing services to clients, such as legal or accounting services, consulting, or healthcare. The other options are not a good fit since they are related to buying and selling goods (mercantile and retail enterprises) or producing tangible goods (manufacturing enterprise).

A Type of Business in Which the Principal Source of Revenue