what is meant by business? state it's any two characteristics.
Answers
Answered by
1
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.
Answered by
1
Explanation:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.
Characteristic of business :
- Economic activity:
- Buying and Selling:
- Continuous process:
- Profit Motive:
- Risk and Uncertainties:
Similar questions