Question

define business system . discuss it's nature and spectrum of business activities.

Answer 1

Business system:  

The business system involves the transaction of things and consists of various activities that are involved with purchasing goods and services and adding to the profits of the company for ensuring further business.

Nature and spectrum of business activities:

• The objective of the business activity is to satisfy the needs and requirements of a customer and work towards adding profits for the company.  

• The business activity includes every aspect of the business from manufacturing, to purchasing and selling of goods and services for the satisfaction of the people.

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Answer 2

Answer:

discuss nature and spectrum of business activity