Question

Write short notes on Nature and Scope of Business.

Answer 1

Explanation:

When it comes to the nature and the scope of business, it looks like it is very wide. It covers all the activities related to production and distribution of goods and services from the place productions to the final consumers with an aim to earn profit. There are two types of business activities. These Business Activities also known as business components. These components of business are actually define the scope of business to us. So lets talk about the scope of business organization with the help of these components.