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What do you understand by business

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What do you understand by business

Posted by Kajal Na 4 years ago

CBSE > Class 11 > Business Studies

1 answers

Gaurav Seth 4 years ago

Business: Refers to Purchase, production and/ or sale of goods & services with the objective of earning profit.

Basis	Business
Mode of establishment	Starts after completing some legal formalities if needed.
Nature of work	Provision of goods and service to the public.
Qualification	No minimum qualification is necessary.
Capital investment	Capital needed according to its size and capacity.
Reward/ Returns	Profits
Risk	High Risk
Code of Conduct	No code of conduct

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