what are the characteristics of a business?
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The following are the ten important characteristics of a business:
Economic activity: Business is an economic activity of production and distribution of goods and services.
•Buying and Selling
•Continuous process
•Profit Motive
•Risk and Uncertainties
•Creative and Dynamic
•Customer satisfaction
•Social Activity.
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Concept and Characteristics of Business
Suggested Videos. Classification of business. ...
Economic Activity. Business necessarily has to be an economic activity. ...
Production or Trading of Good or Services for Sale. ...
Sale or Exchange of Goods and Services. ...
Regularity in Dealings. ...
Profit Earning. ...
Risk Factor. ...
Uncertainty of Returns.
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