Question

Define bussiness? feature of business? characteristics of bussiness

Answer 1

A business is the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. There are three key characteristics that must be met to have a business: ... Second,businesses must satisfy a societal need. Third, businesses must seek to make a profit.

Answer 2

BUSINESS REFER TO A PROCESS.... WHICH IS RELATED TO THE PRODUCTION AND EXCHANGE OF GOODS AND SERVICES.. IT SOLE AND MAIN AIM IS TO MAKE PROFITS.


FEATURES OF BUSINESS ARE...

1// RELATED TO PRODUCTION..
2// RELATED TO SUPPLY OF GOODS.
3// MOTIVE IS PROFIT
4// ONLINE FACILITIES
5// 4 TYPES OF MODELS..
A) B2B
B) B2C
C) C2C
D) P2P