explain the concept of business ?
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Answered by
117
The term 'business ‘refers to all the economic activities carried out by people and organization for generating incomes
* It is concerned with producing and distributing goods and services for earning a profit.
*It is a regular process of exchanging goods and services which involve risk and uncertainty. In fact, business is an economic activity aimed to fulfill the need and wants of customers through the supply of goods and services for their satisfaction.
hope its useful
* It is concerned with producing and distributing goods and services for earning a profit.
*It is a regular process of exchanging goods and services which involve risk and uncertainty. In fact, business is an economic activity aimed to fulfill the need and wants of customers through the supply of goods and services for their satisfaction.
hope its useful
Answered by
41
hey mate here is the answer
business is said to as an occupation in which people are REGULARLY BUSY in activities like PRODUCTION, PURCHASE , SALE and EXCHANGE OF GOODS with the motive of earning profit.
it is an economic activity
the points highlighted are the features of this
business is said to as an occupation in which people are REGULARLY BUSY in activities like PRODUCTION, PURCHASE , SALE and EXCHANGE OF GOODS with the motive of earning profit.
it is an economic activity
the points highlighted are the features of this
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