Which activities begin once a business has the necessary assets?

Operating activities are the primary activities through which a business generates revenue and run its day-to-day operations, such as selling products or providing services. Once a business has the necessary assets, it can engage in these activities to interact with customers, manage inventory, and deliver its offerings. This phase involves using the assets to produce goods and services, which is fundamental to the business's objectives.

Financing activities focus on obtaining funds to support operations, while investing activities pertain to acquiring or disposing of long-term assets, such as property, equipment, and investments in other entities. Marketing activities, although important for promoting products and attracting customers, do not directly generate revenue like operating activities do. Thus, once a business has the necessary assets, it is the operating activities that take precedence, allowing the business to function and pursue its primary economic goals.