Question

What do you mean by business? Explain the salient features of the business.

Answer 1

Answer:

Features of Business: There are five broad features of business: Dealings in goods and services: Business deals with goods and services. ... Profit motive: Themain and the foremost motive ofbusiness is to earn profit. Profits are very important so as to enable the businessto survive, grow, expand and get recognition.

Answer 2

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▶Features of business :-

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 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.