Question

Q. Define Business. Explain it's features.​

Answer 1

Answer:

Characteristics of Business. Following are the characteristics or features of business. (1) An Economic Activity. A business is an economic activity which includes the purchase & sale of goods or rendering of services to earn the money. It is not concerned with the achievement of social and emotional objectives.

Explanation:

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Answer 2

Explanation:

Business Definition

Business is an economic activity that involves the exchange, purchase, sale or production of goods and services with a motive to earn profits and satisfy the needs of customers. Businesses can be both profit or non-profit organizations that function to gain profits or achieve a social cause respectively.

Features of business

Everything that surrounds us is a chain of business, from a laptop to the chair we sit. With every change in technology, human being demand also changes. Giving business persons to grow their business or start a new venture. Let’s study in details about the business and its characteristics.

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