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what is meaning of nature of business ?

Posted by Harshi Gautam 7 years, 5 months ago

CBSE > Class 11 > Business Studies

2 answers

Sakshi Sharma ??️??️??️ 7 years, 5 months ago

NATURE OF BUSINESS- i)AN ECONOMIC ACTIVITY ii) PRODUCTION OR PROCUREMENT OF GOODS AND SERVICES iii)SALE OR EXCHANGE OF GOODS AND SERVICES iv) REGULARITY IN DEALING v) PROFIT MOTIVE vi) UNCERTAINTY OF RETURN vii)ELEMENT OF RISKS

Parneet Kaur 7 years, 5 months ago

Nature of business risk : (i) Risk is the result of uncertainities , (ii) Risk is unavoidable, (iii) Degree of risk varies with the size of business , (iv) Profit is consideration of risk - taking , (v) Risk depends on the nature of business .

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