What are the various features of business?
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Business is not a single time activity. It is a continuous process of production and distribution of goods and services. A single transaction of trade cannot be termed as a business. A business should be conducted regularly in order to grow and gain regular returns.
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- Exchange of Goods & Services: Business deals with goods and services.
- Production or Exchange
- Perpetuity in Dealings
- Profit Motive
- Usage of Resources
- The element of Risk
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