Question

Explain any 5 features of business activities.
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Answer 1

Answer:

1.It provides employment opportunities in different sectors like banking, insurance, transport, industries, trade etc.

2.The business involves buying of raw material, plants and machinery, stationary, property etc.

3.It is a continuous process of production and distribution of goods and services. A single transaction of trade cannot be termed as a business.

4.A business should be conducted regularly in order to grow and gain regular returns.

5.Risk is defined as the effect of uncertainty arising on the objectives of the business.

Answer 2

Answer:

economic activity

profit motive

social activities

creative and dynamic

customer satisfaction

Explanation:

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