Question

defian business explen tha fectures​

Answer 1

Business,in simple terms,means a commercial or economic activity of selling goods and services to customers and earning money in the process.It also indicates satisfying the needs and demands of various consumers and earning profit subsequently.

Explanation:

Important features of business:-

• Now,to carry out or conduct the basic purpose of business,which is to sell or provide high quality goods and services to the consumers,an organisational structure is required.In business,it is referred to as an office building or office space.
• Business operation requires various factors/inputs or resources such as labor,manpower,capital,raw materials,factory,machinery,equipment and so forth.
• An activity or conduct can be considered as business only if it involves production and exchange of any good or service for money.Any activity intended for self-consumption cannot be ideally considered to be business.
• Every business operation has some risk element involved.A business activity requires initial capital investment for functioning and the business owner/shareholder/investor wants a proportional monetary return which is often not guaranteed.
• Business activities are generally profit oriented,implying that they ultimately have a strong profit motive or incentive and that is the purpose of selling any good or service.

Answer 2

Answer:

Characteristics of Business. Following are the characteristics or features of business.

An Economic Activity. A business is an economic activity which includes the purchase & sale of goods or rendering of services to earn money. It is not concerned with the achievement of social and emotional objectives.