characteristics of the business with defination
Answers
CHARACTERISTICS OF BUSINESS...
An Economic Activity: Business is considered to be an economic activity because: ...
An Economic Activity: Business is considered to be an economic activity because: ...Production or Procurement of Goods and Services: ...
An Economic Activity: Business is considered to be an economic activity because: ...Production or Procurement of Goods and Services: ...Sale or Exchange of Goods and Services for the Satisfaction of Human Needs
An Economic Activity: Business is considered to be an economic activity because: ...Production or Procurement of Goods and Services: ...Sale or Exchange of Goods and Services for the Satisfaction of Human NeedsDealings in Goods and Services on a Regular Basis
An Economic Activity: Business is considered to be an economic activity because: ...Production or Procurement of Goods and Services: ...Sale or Exchange of Goods and Services for the Satisfaction of Human NeedsDealings in Goods and Services on a Regular BasisProfit Earning
An Economic Activity: Business is considered to be an economic activity because: ...Production or Procurement of Goods and Services: ...Sale or Exchange of Goods and Services for the Satisfaction of Human NeedsDealings in Goods and Services on a Regular BasisProfit EarningUncertainty of Return
An Economic Activity: Business is considered to be an economic activity because: ...Production or Procurement of Goods and Services: ...Sale or Exchange of Goods and Services for the Satisfaction of Human NeedsDealings in Goods and Services on a Regular BasisProfit EarningUncertainty of ReturnElement of Risk.....
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Answer:
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
Explanation:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations that operate to fulfill a charitable mission or further a social cause.
The term business also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit. Businesses range in scale from a sole proprietorship to an international corporation. Several lines of theory are engaged with understanding business administration including organizational behavior, organization theory, and strategic management.
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