profession does not require any minimum qualifications.
Answers
Professions
Professions includes those activities, which require special knowledge & skill to be applied by individuals in their occupation. Those engaged in professions are known as professionals. Professionals are generally subjected to guidelines or codes of conduct laid down by professional bodies.
Examples: lawyers are engaged in the legal profession, governed by the bar council of India & chartered accountants belonging to the accounting profession are subject to the regulations of the Institute of chartered accountants of India.
Employment
Getting remunerated in return for the work done for others refers to an employee. Employees are the people who are employed by others. Thus, people who work in factories, offices of banks, insurance companies or government department, etc at various posts are the employees of these organizations. They receive wages & salaries. Examples: working in offices, banks, insurance companies, shops, as a manager, clerk, peon, salesman etc.
Comparison of Business, Professions and Employment
(Source: keydifferences)
Business Functions at the Enterprise Level
The business includes many numbers of functions performed by many different types of organizations known as business enterprises or firms. To carry on any business the enterprise has to perform four major functions namely financing, production marketing & human resource management.
Mobilizing & utilizing funds for running a business enterprise is meant by financing. The conversion of raw material into finished goods comes under production. Facilitating the exchange of goods & services from producers to the people who need them, at a place they require, at a time they need & at a price they are ready to pay is known as marketing. Human resource management means ensuring the availability of working people who have proper skills to perform various jobs in a firm