Question

what are the characteristics of business

Answer 1

The following are the 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:

Answer 2

Economic activity - - Business is an economic activity bcx it is done for the motive of earning money.

Innovative activity - - Business is an innovative activity. Innovation refers to doing something new. Businessman always tries to do innovative in the business.

production of goods and services - - Business is an activity of production and exchange of goods and services at a reasonable rate.

profit motive - - Profit is the reward for any business. Profits bears the business risk. without profits, business can't live for long time.. so business has main motive ie. profit earning



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