define the term business ? in 100 words
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Hey friend..!! here's your answer
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An organization or economic system where goods and services are exchanged for one another or for money.
Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit .
Busineds can be privately owned , not-for - profit or state owned . An example of a corporate business is PepsiCo , while a mom - and - pop catering business is a private enterprises.
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#Hope its help
________________________
An organization or economic system where goods and services are exchanged for one another or for money.
Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit .
Busineds can be privately owned , not-for - profit or state owned . An example of a corporate business is PepsiCo , while a mom - and - pop catering business is a private enterprises.
_____________
#Hope its help
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Hey mate
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Ans--- Business refers to the production and exchange of goods and services for the sole motive of earning profit. It is an economic activity bcx it is done for earning money. It is different from the profession and employment.
Business primary motive is to earn the profit and then next is to serve the public by providing goods and services at reasonable prices..Business has in the form of many activities Such as commerce and industry. Commerce is only relate to purchase and sell of goods and services for one place to other. Industry contain converting of raw material into finished goods...
Business also include code of conduct i e rules and regulations.. It also includes transfer of investment.
HOPE ITS HELPFUL FOR YOU
❤^_^^_^
^_^
Ans--- Business refers to the production and exchange of goods and services for the sole motive of earning profit. It is an economic activity bcx it is done for earning money. It is different from the profession and employment.
Business primary motive is to earn the profit and then next is to serve the public by providing goods and services at reasonable prices..Business has in the form of many activities Such as commerce and industry. Commerce is only relate to purchase and sell of goods and services for one place to other. Industry contain converting of raw material into finished goods...
Business also include code of conduct i e rules and regulations.. It also includes transfer of investment.
HOPE ITS HELPFUL FOR YOU
❤^_^^_^
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