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defind business

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defind business

Posted by Pawan Pant 8 years, 4 months ago

CBSE > Class 11 > Business Studies

1 answers

Payal Singh 8 years, 4 months ago

An organization or economic system where goods and services are exchanged for one another or for money. Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.

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

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