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Explain meaning & characteristics of business

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Explain meaning & characteristics of business

Posted by Khushi Patwari 7 years, 7 months ago

CBSE > Class 11 > Business Studies

2 answers

Lovely Dhawan 7 years, 7 months ago

Business is that economic activity which is done regularly to earn profit through the purchase and saled of goods a d services...

Siddharth Kumar 7 years, 7 months ago

Business -buying and selling of goods and services on regular basis in order to earn profits business is an economic activity involving purchase, manufacturing and selling goods and services with the motive of profit by satisfying human needs in the society Characteristics:- 1. An economic activity 2. Production or procurement 3. Sales and exchange of goods and services for satisfaction 4. Dealing in goods and services on regular basis 5. Profit earning 6. Uncertainty of goods 7. Element of risk

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