Question

What are the advantages and disadvantages of business activity? Explain in brief.​

Answer 1

The only goal of a business in of a businessman is to earn profits .For that the person need to apply several techniques.But in a business there is no assurance of the fact that the person will earn profits every time he or she may also undergo loss.

Advantages of a business are :-

• You are only head of the firm.
• You will have credit of  every task.
• In a business no one can fire you until and unless you don't follow rules and regulations.

Disadvantages of business are :-

• In the beginning of a business you need to invest a huge amount of money.
• In a business you may also undergo several loss.
• Business partners can betray anytime.

Answer 2

Advantages and disadvantages of business activity are :-

Advantage: -

• Potential Access to a Global Market
• Reduced Marketing Costs
• Reduced Building Overhead
• Automated Systems and Resource Sharing

Disadvantage:-

• Potentially Lower Profit Margins
• Reduced Physical Interactions
• Negative Reviews