Describe the characteristics of business.
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Answer: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.
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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.
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