What is business ? Explain any six characteristics of business
Answers
Answered by
2
Answer:
The essential characteristics of business are as follow:
(b) Sale or exchange of goods and services
(c) Regular exchange of goods and services.
(d) Requires investment. ADVERTISEMENTS:
(e) Aims at earning profit.
Answered by
0
BUSINESS:-
"Business is a human activity directed towards producing or acquiring wealth through buying and selling goods." --- Lewis H. Honey
CHARACTERISTICS OF BUSINESS:-
- An economic activity
- Production or procurement of Goods & services
- Sales or exchange of Goods and services for the satisfaction of Human needs
- Dealing in goods or services om a regular basis
- Profit earning
- Uncertainty of return/risk
Similar questions