Question

What is business What is trading What is wholesaling Define business

Answer 1

business is An organization or economic system where goods and services are exchanged for one another or for money.

The term “trading” simply means “exchanging one item for another”. We usually understand this to be the exchanging of goods for money or in other words, simply buying something

Wholesaling is the sale and distribution of goods to specific customer types such as those most commonly referred to as resellers. Resellers are traditionally retailers, other wholesalers or merchants who will resell the good to an end user. Certain industrial, commercial and institutional customers also qualify, as the goods are often a component of a different end product.

Answer 2

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1)Business is an economic activity in which producer produce things and sells is to the customer

2)The main aim of business activity is for profit . Profit is made by selling and producing things

3)Business activity does not require any type of contract. any person can start his own business.

4)Consumer satisfaction is main in business. The producers sells goods to consumer according to their demand .

5)more capital is required and high risk is their in business activity.