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Cooking food at home for the family is not business, but cooking and selling it in a restaurant is, because business needs:

AGrant or gift
BSale or exchange
CRent or lease
DLoan or deposit
Answer & Solution
Correct answer: B. Sale or exchange
1. Goods made only for personal use do not count. 2. Value must pass between seller and buyer. 3. Business needs sale or exchange. _Source: syllabus Business Studies, Chapter 1, Business, Trade and Commerce._
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