The business definition has three elements __ Pelect one. a a. target market, potertial customers, and production capability b. offer, target market, and production/delivery capability o c. offer, acceptance, and consideration o d. business definition, target market, and market analysis

To determine the correct answer for the elements of a business definition, let's analyze the options provided: a. **target market, potential customers, and production capability** - This option includes elements related to identifying who the business serves and its ability to produce goods or services. b. **offer, target market, and production/delivery capability** - This option includes the product or service being offered, the audience it targets, and the ability to produce and deliver that offer. c. **offer, acceptance, and consideration** - This option seems to relate more to contract law rather than defining a business. d. **business definition, target market, and market analysis** - This option includes a broad definition of the business, who it serves, and how it analyzes the market. The most comprehensive and relevant choice that encapsulates the essential elements of a business definition is: **b. offer, target market, and production/delivery capability** This option clearly outlines what the business provides, who it serves, and how it can deliver its offerings, making it the best choice.