मॉडर्न कॉन्सेप्ट ऑफ बिजनेस इंस्टेंट ऑन
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Answer : Modern concepts of business.... with the help of above definition, business can be taken as economic activities concerned with the production and sale of goods and services to the society so as earn profit by satisfying human wants.
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"@itzheartgirl "
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The traditional concept of business talks about making profit only. However, modern concept talks more about the customer satisfaction than profits. This is decided on the basis of its quality of product and services, efficient management system, use of state of the art technologies, doing market surveys, being informed about competitors etc.
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