what is meant by business ? describe any two characteritices of business
Answers
Answer:
Explanation:
An organization or economic system where goods and services are exchanged for one another or for money.
characteritices of business
Profit earning: The basic purpose of business is to make the profit from its activities. It is the spine of business, which keeps the business going, in the long term.
Element of risk: Risk is the key element of every business, concerned with exposure to loss
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Answer:
Explanation:
The definition of business is an occupation or trade and the purchase and sale of products or services to make a profit. An example of business is farming.
Economic activity:
Business is an economic activity of production and distribution of goods and services. ...
Buying and Selling: ...
Continuous process: ...
Profit Motive: ...
Risk and Uncertainties: ...
Creative and Dynamic: