Question

0.8 Answer the following,

2) Define business. Explain its features.

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Answer 1

Answer:

Business-

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.

Explanation:

Characteristics of Business. Following are the characteristics or features of business. (1) An Economic Activity. A business is an economic activity which includes the purchase & sale of goods or rendering of services to earn money. It is not concerned with the achievement of social and emotional objectives.