Question

define business? describe its important characteristicks ?​

Answer 1

Answer:

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. .

The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.Jul 4, 2020

Characteristics of Business:

• Economic activity.
• Buying and Selling.
• Continuous process.
• Profit Motive.
• Risk and Uncertainties.
• Creative and Dynamic.
• Customer satisfaction.
• Social Activity.

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Answer 2

Explanation:

business refers to those economic activity which are connecting with production and purchase and sell of goods and supply of services with main motive of an earning profit. example :- company. characteristics of business :- economic activity. production and procurement of goods and services.Economic activity: Business is an economic activity of production and distribution of goods and services. ...

Buying and Selling: ...

Continuous process: ...

Profit Motive: ...

Risk and Uncertainties: ...

Creative and Dynamic: ...

Customer satisfaction: ...

Social Activity..

hope it will help u