what is meant by business? describe any two characteristic of business.
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Explanation:
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
2 characteristics of business are-
(i) The basic activity of any business is trading. buying of raw material, plants and machinery, stationary, property etc and selling the finished products etc
(ii) continuous process of production and distribution of goods and services. A business should be conducted regularly in order to grow and gain regular returns
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Answer:
Business is an enterprise engaged in the production and distribution of the goods and to render services to earn a profit. Characteristics are in attachment.
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