what ia the concept of business ?also discuss the characteristics of business.
Answers
Answer:
Business is either your occupation, profession, or trade, or is a commercial activity which involves providing goods or services in exchange for profits.
Profits in business are not necessarily money. It can be a benefit in any form which is acknowledged by the business (entity) involved in the business (activity).
To make things clearer, let us divide the business definition into business entity definition and business activity definition.
characteristics of the business are
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:
hope it helps...........
