Question

What are the features of business?​

Answer 1

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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.

$\huge\boxed{\fcolorbox{black}{pink}{Features}}</p><p>$

• Buying and Selling:
• Continuous process:
• Profit Motive:
• Risk and Uncertainties:
• Creative and Dynamic:
• Customer satisfaction:
• Social Activity:

_______________⤵️

1)Business is an economic activity in which producer produce things and sells is to the customer

2)The main aim of business activity is for profit . Profit is made by selling and producing things

3)Business activity does not require any type of contract. any person can start his own business.

4)Consumer satisfaction is main in business. The producers sells goods to consumer according to their demand .

5)more capital is required and high risk is their in business activity.

Answer 2

Answer:

The following are the ten important characteristics of a business:

1)Economic activity: Business is an economic activity of production

and distribution of goods and services. ...

2)Buying and Selling: ...

3)Continuous process: ...

4)Profit Motive: ...

5)Risk and Uncertainties: ...

6)Creative and Dynamic: ...

7)Customer satisfaction: ...