Define business describe its important characteristics
Answers
Answer:
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
sale or exchange of goods and services for value
profit earning
uncertainty of return
element of risk
Answer:
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
sale or exchange of goods and services for value
profit earning
uncertainty of return
element of risk
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