Question

Write any four characteristics of business?

Answer 1

Answer:

The following are the ten important characteristics of a business:

1. Economic activity

2. Buying and Selling

3. Continuous process

4. Profit Motive

5. Risk and Uncertainties

6. Creative and Dynamic

7. Customer satisfaction

8.Social Activity

9. Government control

10. Optimum utilisation of resources

Answer 2

Answer:

CHARACTERISTICS OF BUSINESS ARE:

• Buying and selling: the basic activity of any business is trading.

• continuous process: business is not a single time activity.

• risk and uncertainties: risk is defined as the effect of uncertainty arising on the objectives of the business.

• creative and dynamic: modern business is creative and dynamic in nature.

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