What is business? Explain the characterestics of Business
Answers
Answer:
Business is an economic activity that involves the exchange, purchase, sale or production of goods and services with a motive to earn profits and satisfy the needs of customers. Businesses can be both profit or non-profit organizations that function to gain profits or achieve a social cause respectively.
Answer:
a person's regular occupation, profession, or trade.
"experts who typically conduct their business over the internet"
commercial activity.
"firms who want to do business with Japan"
Dealings in Goods and Services, Profit Motive, Risk, Creation of Utilities, Economic Activity, Social Institution
Explanation:
Characteristics of Business – 10 Characteristics: Dealings in Goods and Services, Profit Motive, Risk, Creation of Utilities, Economic Activity, Social Institution and a Few Others. ... Business refers to a set of organised activities for production and exchange of goods and services with an objective to earn profit.