Explain he features of business.
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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!
it is commonly the buying and selling process
if it helped mark it BRAINLIEST!
Answered by
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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
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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