Question

Explain briefly any four characteristics of business

Answer 1

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$\textsf{\pink{Q.}}$Explain briefly any four characteristics of business.

$\textsf{\pink{Ans.}}$ Characteristics of business are as follows :-

i.) An Economic activity
ii.) Profit Earning
iii.) Exchange of goods & services regularly
iv.) Sale of goods & services on regular basis

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Answer 2

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⏩Sale, transfer or exchange

⏩Continuity in dealings

⏩Dealings in goods and services

⏩Creation of utilities

⏩one essential characteristic of business is that there should be sale or exchange of goods or services between the seller and the buyer.

⏩Key characteristics that must be met to have a business: businesses must be the result of individuals working together in an organized way.


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