Question

state any two characteristics of business​

Answer 1

Answer:

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Explanation:

A business is the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. There are three key characteristics that must be met to have a business: First, businesses must be the result of individuals working together in an organized way

Answer 2

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Ques: State any two Characteristics of business.

Ans:

⤴️ Business is an economic activity of production and distribution of goods and services.

Characteristics of business ➡️

⤴️Aim is to earn profit:

A business stand-up aims to earn profits out of it. Regular outcome of the hard work acts as profit.

⤴️ Element of risk:

Business is prone to risk .Business can rather lead to great success or fall down or bankruptcy. So,risk is considered to be one of the most important characteristic of Business.

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