Question

1. Explain the meaning and characteristics of Business​

Answer 1

Explanation:

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.

The following are the ten important characteristics of a business:

Economic activity:

Buying and Selling:

Continuous process:

Profit Motive:

Risk and Uncertainties:

Creative and Dynamic:

Customer satisfaction:

Social Activity:

Answer 2

business is an economic activity that involves the exchange,purchase, sale, or production of goods and services with a motive to earn profits and satisfy the needs of customers. business can be both profit or non-profit organization that function to profits or achieve to social cause respectively.