Question

explain the meaning and characteristics of business.​

Answer 1

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Business is an economic activity that involves the exchange, purchase, sale or production of goods and services with a motive to earn profits and satisfy the needs of customers. Businesses can be both profit or non-profit organizations that function to gain profits or achieve a social cause respectively.

Answer 2

Answer:

Business is an economic activity that involves the exchange, purchase, sale or production of goods and services with a motive to earn profits and satisfy the needs of customers. Businesses can be both profit or non-profit organizations that function to gain profits or achieve a social cause respectively.

Explanation:

important characteristics

Economic activity:

Buying and Selling:

Continuous process:

Profit Motive:

Risk and Uncertainties:

Creative and Dynamic:

Customer satisfaction:

Social Activity: