Answer
(c) Advertising.
Work Step by Step
The three primary business activities in accounting are:
- Financing activities – obtaining funds to run the business (e.g., issuing stock, borrowing money).
- Investing activities – purchasing or selling long-term assets (e.g., equipment, buildings).
- Operating activities – the core day-to-day business operations (e.g., sales, expenses, inventory).
Advertising is part of operating expenses, not a separate primary activity.
