Final answer:
The basic idea of a business is focused on targeted customers and the business idea, striving to make a profit by offering desired goods or services within a free enterprise system that values innovation and productivity.
The correct answer is C.
Step-by-step explanation:
The basic idea of a business is c) Targeted customers and business idea. This encompasses the concept of what goods or services the business intends to offer and whom it intends to serve. In a free enterprise system, businesses operate with a high degree of freedom to make choices as producers and consumers, which includes determining their target market and developing their business concepts accordingly.
Every business, no matter its size, aims to make a profit, which is calculated by subtracting Total Cost from Total Revenue. This profit motive is central to the function of all business endeavors. Additionally, businesses operate within an economic framework that values innovation, productivity, and the integration of technology, as these elements contribute to economic growth, which is measured by key indicators.