Question

Define Business, Explaio its characteristic features:​

Answer 1

Explanation:

Business is an economic activity that involves the exchange, purchase, sale or production of goods and services with a motive to earn profits and satisfy the needs of customers. Businesses can be both profit or non-profit organizations that function to gain profits or achieve a social cause respectively.

The following are the important characteristics of a business:

• 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:

Answer 2

Explanation:

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