Question

डिसकस एनी फोर करैक्टेरिस्टिक्स ऑफ बिजनेस​

Answer 1

Answer:

Business is the activity of making one's living or making money by producing or buying and selling products. Simply put, it is "any activity or enterprise entered into for profit.

(a) An economic activity : Business is done to earn profits by producing and exchanging goods and services.

(b) Production or procurement of goods and services : Business involves production or procurement of goods and services having utility for consumers.

(c) Sale or exchange of goods and services : Exchange of goods and services on regular basis for price.

(d) Profit earning : Business is done with an objective to maximise profits by producing and exchanging the goods and services for price.

Explanation:

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