AASB 3/IFRS 3 defines a 'business' as follows. a. an integrated set of activities and assets that is capable of conducted and managed for the purpose of providing goods and services to customers, generating income, or generating other income from ordinary activities. b. an organization which produces and sells goods or which provides services. c. an entity engaged in commercial, industrial, or professional activities. d. both b. and c. a. A b. B c. C d. D