Question

what is a business explain scope of business​

Answer 1

Answer:

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit. Business is concerned with sale, transfer / sale of goods and services for a value. Production or purchase of goods or services for personal consumption is obviously outside the scope of business because, there is no sale or transfer for value.

Explanation:

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Answer 2

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Explanation:

1. Sale, Transfer or Exchange of Goods and Services for Value. Business is concerned with sale, transfer / sale of goods and services for a value. Production or purchase of goods or services for personal consumption is obviously outside the scope of business because, there is no sale or transfer for value.