Question

Explain the characteristics of business organisation

Answer 1

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: First, businessesmust be the result of individuals working together in an organized way.

Answer 2

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: First, businessesmust be the result of individuals working together in an organized way.