Business Organisation-Nature
Short Answer Type Questions
1. Explain the meaning and nature of business.
2. Define the nature of business organisation.
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Explanation:
A business is an organization that strives for a profit by providing goods and services desired by its customers. Businesses meet the needs of consumers by providing medical care, autos, and countless other goods and services. ... Thus, businesses create the goods and services that are the basis of our standard of living.
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