Business Studies, asked by anwarhussain54p631bb, 1 year ago

Explain he features of business.

Answers

Answered by gs018661
0
it is a economic activity as well as a social activity
it is commonly the buying and selling process
if it helped mark it BRAINLIEST!
Answered by divya114
4
1. Exchange of goods and services

All business activities are directly or indirectly concerned with the exchange of goods or services for money or money's worth.

2. Deals in numerous transactions

A businessman regularly deals in a number of transactions and not just one or two transactions.

3. Profit is the main Objective

The business is carried on with the intention of earning a profit.

4. Business skills for economic success

To be a good businessman, one needs to have good business qualities and skills. A businessman needs experience and skill to run a business.

5. Risks and Uncertainties

Business is subject to risks and uncertainties. Some risks, such as risks of loss due to fire and theft can be insured. There are also uncertainties, such as loss due to change in demand or fall in price cannot be insured and must be borne by the businessman.
Hope it helps you friend
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