Improves the flow of business idea through its development
Answers
Business may be understood as the organized efforts of enterprise to
supply consumers with goods and services for a profit. Businesses vary in size,
as measured by the number of employees or by sales volume. But, all businesses
share the same purpose: to earn profits.
The purpose of business goes beyond earning profit. There are:
• It is an important institution in society.
• Be it for the supply of goods and services
• Creation of job opportunities
• Offer of better quality of life
• Contributing to the economic growth of the country
Answer:
Explanation:
The flow of business can be improved by developing new products and services with new ideas. As in a business, it is essential to change with time and requirements of the consumers. Business which do not practice or believe in dynamic business model, then such business, are not meant for long term or in large scale development.
All the big companies in world, keeps updating there technologies and constantly patent there ideas. In future as required, they keep on adding all those patented ideas, in the products new version's release, which in turn leads to a great success of business