Question

state any two characteristic of businiss​

Answer 1

Two characteristics of business are:-

1. Economic activity
2. Uncertainty of return

Answer 2

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$\huge \red { \tt{Business}}$

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.

$\huge \red { \tt{Characteristics}}$

1. Economic activity - A business is an economic activity which includes the purchase & sale of goods or rendering of services to earn the money.

2. Manufacturing or Procurement of Services and Goods - Before offering goods to the consumer for consumption it should be manufactured or procured by businesses.

3. Exchange or Sale of Goods and Services for the Satisfaction of Human Needs - Every business activity includes an exchange or transfer of services and goods to earn value.