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What is business

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What is business

Posted by Shakshi Sharma 7 years, 2 months ago

CBSE > Class 11 > Business Studies

2 answers

Himanshu Goyal 6 years, 10 months ago

Business is that kind of economic activity which is conducted on a regular basis with a view to gain profit through sale and purchase of goods and services.

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Naveen Sharma 7 years, 2 months ago

Ans. A business is an organization or enterprising entity engaged in commercial, industrial or professional activities.

A company transacts business activities through the production of a good, offering of a service or retailing of already manufactured products.

A business can be a for-profit entity or a nonprofit organization that operates to fulfill a charitable mission.

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CBSE > Class 11 > Business Studies