Question

characteristics of business​

Answer 1

Business is an economic activity of production and distribution of goods and services. It provides employment opportunities in different sectors like banking, insurance, transport, industries, trade etc. it is an economic activity corned with creation of utilities for the satisfaction of human wants.

Answer 2

ANSWER

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characteristics Of business :-

•Dealing in goods and services :- Every business enterprise produces or buys goods and services for selling them to Adarsh goods may be consumer goods or producer goods consumer goods are made for direct used by the ultimate consumers example bread cloth shoes extract producer goods are those goods for the production of consumer goods example materials machinery services are intangible such as electricity, insurance, banking and others.

•Profit motive :- A business is not Charity the primary objective of business is to earn money and aquarell wealth business that does not earn profits cannot survive for long prophets are also essential for the growth and expansion of Business business must however and profit by serving the society.

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