Hi guys please help me in this question.
Question: Characteristics of Business ?
Book: ICSE COMMERCIAL STUDIES.
CLASS: 9
HINT IS IN THE ATTACHMENT
And yes i have to wrote it all just you have to short it every term
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Answers
Answer:
Dealings in Goods and Services= Profit Motive, Risk, Creation of Utilities, Economic Activity, Social Institution and a Few Others. ... Business refers to a set of organised activities for production and exchange of goods and services with an objective to earn profit.
Creation of Utilities=An important characteristic of business is the creation of utilities is goods so that consumers may use them. ... When raw material is converted into finished goods, it creats form utility. When it is stored and brought into the market when needed, then time utility is created.
risk= implies future uncertainty about deviation from expected earnings or expected outcome. Risk measures the uncertainty that an investor is willing to take to realize a gain from an investment. Description: Risks are of different types and originate from different situations.
economic activity=An economic activity is a process that, based on inputs, leads to the manufacture of a good or the provision of a service.
Explanation:
please make my answer brainliest
Explanation:
karuna you have spelling mistake.
Please correct it.