Question

explain the fuatures of busines​

Answer 1

There are five broad features of business:

There are five broad features of business:Dealings in goods and services: Business deals with goods and services. ... It also deals with services like transport, banking, insurance etc. Production and exchange: Business is carried out only when goods and services are produced and exchanged for money.

Answer 2

Business in general terms,is identified any conduct or activity that is motivated by some commercial,economic or financial incentives such as revenue or profit.

Explanation:

Essential features of Business:-

• Business is usually defined any activity or conduct that involves some financial/economic or commercial motivation such as sales revenue or profit generation.Examples of business generally include any commercial activity that can potentially generate economic or financial value to the business owner or operator.
• Any business or commercial activity or conduct basically deals with the commercial exchange or transaction of goods and services in between the sellers or producers and consumers or buyers.
• A business activity or conduct is considered as complete when the goods and services are commercially exchanged between the seller/producer and the consumer/buyer.Therefore,any business activity involves two entities or parties that is,sellers and buyers.
• A business activity is not a one time or temporary activity.To be considered as business or commerce,any activity or conduct has to be continuous or regular in nature.
• Business activities often involve various types of risks such as financial risks,investment related risk,market risks,profit or revenue uncertainties,uncertainties in the demand and supply conditions in the market,practical and material risks in business and so forth.Therefore,any business or commercial activity is somewhat considered to be risky.