Mariah had done a diploma in fashion designing. She is very creative. She saw a picture of a party gown in international fashion magazine having a price tag of Rs. 50,000. She decided to make that gown herself with some customisation. She calculated that for making of gown, she has spent Rs.4000. Her friend liked the gown very much, so Swati sold that gown to her friend for Rs. 8,500 and made a profit of Rs. 4,500. Swati decided to open a boutique of selling readymade dresses for girls.
On the basis of the given information about Mariah, answer the following questions –
( a) Will the transaction between Mariah and her friend be termed as business ?
( b ) State the underlying feature of business .
( c ) Explain the other features of business ?
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