Question

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(2 Marker;Ch-Nature and purpose of business)
Ques: Explain the business characteristic of "uncertainty of return".​

Answer 1

The Important feature of business is the presence of risk factor in the transaction. There is always a possibility of losses. It is not a certain that a businessman always earn educate profit as market condition may Change customer's taste May Change There may be strike in Businessman Owner's factory.

Answer 2

Answer:

1. Thus one essential characteristic of business is that there should be sale or exchange of good or services between the seller the buyer uncertainty of return refer to the lack of surety relating to the amount of money that the business going to earn in the given period