02. Explain in brief the features of buienes
Answers
Question:
Explain in brief the features of business.
Answer:
Some of the features of business are as follows:
1. Sale, Transfer or Exchange.
2. Dealings in Goods and Services.
3. Regular Dealings.
4. Profit Motive.
5. Risk.
6. Creation of Utilities.
7. Economic Activity.
8. Satisfaction of Consumers.
9. Growth and Expansion.
10. Social Institution.
Answer:
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Characteristics of Business – 10 Characteristics: Dealings in Goods and Services, Profit Motive, Risk, Creation of Utilities, Economic Activity, Social Institution and a Few Others. ... Business refers to a set of organised activities for production and exchange of goods and services with an objective to earn profit.
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