Question

1. Define business. Describe its important characteristics.​

Answer 1

Answer:

1. Define business. Describe its important characteristics.

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business refers to that economic activity which are connecting with production and purchase and sell of goods and supply of services with the main motive of an earning profit. ... characteristics of business:- economic activity. production and procurement of goods and services.

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Answer 2

Business is defined as an organised economic activity, wherein the exchange of goods and services takes place, for adequate consideration. It is nothing but a method of making money, from commercial transactions. It includes all those activities whose sole aim is to make available the desired goods and services to the society, in an effective manner.