Explain the concept and characteristics of business
Answers
Answered by
19
Business refers to the production and exchange of goods and services for the sole motive of earning profit.
Business is an economic activity as it is related to the profit earning motive.
Business is related with innovation.
Business is also dealing with distribution of good quality goods.
Business is also an financial activity.
Business is also an organization
Business also involves transfers of shares..
^_^
Business is an economic activity as it is related to the profit earning motive.
Business is related with innovation.
Business is also dealing with distribution of good quality goods.
Business is also an financial activity.
Business is also an organization
Business also involves transfers of shares..
^_^
Answered by
39
Hey mate✌️✌️
Business refers to that Economic activity which is conducted on regular basis to earn profit through the production and sales of goods and services.
Characteristics of Business ⬇️⬇️⬇️⬇️⬇️
(1)An Economic activity ⏩ Economic activities means the exchange of goods and services with the purpose of earning money.
(2)Regularity in Dealing ⏩ Business is that economic activity which is done regularly,purchase sales should be regularly done .
(3) Consumer satisfaction ⏩The aim of business should be earning profit but at the same time the consumer satisfaction is equally important.
✨ Hope this helps you ✨
Business refers to that Economic activity which is conducted on regular basis to earn profit through the production and sales of goods and services.
Characteristics of Business ⬇️⬇️⬇️⬇️⬇️
(1)An Economic activity ⏩ Economic activities means the exchange of goods and services with the purpose of earning money.
(2)Regularity in Dealing ⏩ Business is that economic activity which is done regularly,purchase sales should be regularly done .
(3) Consumer satisfaction ⏩The aim of business should be earning profit but at the same time the consumer satisfaction is equally important.
✨ Hope this helps you ✨
Similar questions