Business Studies, asked by Nightmare13, 10 months ago

what is the difference between business and proffetion​

Answers

Answered by mrgamechanger00000
1

Answer:

the spelling of profession is wrong

and answer is

business is for making money and profession is any work done for salary

Answered by viratgraveiens
0

Business basically refers to any activity or conduct which involves any economic or financial or commercial motivation or incentive such as revenue or profit.

A profession normally implies any occupational activity or commitment which can generate salary or income for any individual.

Explanation:

Key difference between business and profession:-

  1. Business activities or conducts are associated with buying and selling or commercial exchange or transaction of goods and services that potentially generates economic or financial revenue or profit for the seller.A profession basically implies fixed or temporary salaried or paid occupation undertaken by any individual.
  2. Business or commercial activities or practices do not usually require any specialized skill,knowledge or qualification.However,to be a qualified professional any individual has to possess certain specialized skills,knowledge,credibility,qualifications etc.
  3. The economic or financial outcomes of business are revenue or profit and in the case of profession,these mainly constitute salary,wage,income,remuneration,commission and so on.
Similar questions