what is business and its importance
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Business is hugely important in a country's economy because it is themain economic engine for the country.Businesses are a very important part of the circular flow of any market economy. ... They also help theeconomy grow through innovations of various sorts.
Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit. ... An example of a corporate business is PepsiCo, while a mom-and-pop catering business is a private enterprise.
Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit. ... An example of a corporate business is PepsiCo, while a mom-and-pop catering business is a private enterprise.
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Business is a form of activity in which people come to together to carry so peofit earning operations in a lawful manner
Its objectives are.
Survival in the market
Profit earning through operations
Expansion of business through its profit
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