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What is a business? What is its concept and characteristics
  • 1 answers

Sana Perwaiz 2 days, 14 hours ago

Business is an economic activity carried on by a few or more individuals to produce, buy or sell goods and services that satisfy human needs and help in earning income. An idea for a business that includes basic information such as the service or product, the target demographic, and a unique selling proposition that gives a company an advantage over competitors. A business concept may involve a new product or simply a novel approach to marketing or delivering an existing product. Once a concept is developed, it is incorporated into a business plan. Business characteristics are:-- 1. Business is an economic activity 2. objective of earning money 3. production or procurement of goods and services 4. Sale or exchange of goods and services for the satisfaction of human needs 5. Dealing in goods and services on a regular basis 6. Earn profits 7. Uncertainty of return 8. Element of risk.
What are the risks in business?
  • 1 answers

Jinderpal Verma 6 days, 20 hours ago

Risks in business are as follows.. 1.fall in price. 2.reduction of the demands. 3.risks are also by natural calamities etc. 4.there is more rish in new business
What do you mean by economic activity
  • 1 answers

Aditi Vyas 1 week, 3 days ago

Economic activities are those activities in which the motive is to earn money or profit.
How is company different from partnership
  • 1 answers

Sharmi Mandal 3 weeks ago

Partnership is a kind of agreement between two or more people and later share profit & loss. But company is an association which registers with a group to spend money in a stock together and later share profit and loss. I hope it will help u!
Sole proprietorship is said to be the simplest establish. Why?
  • 1 answers
Because there is less of legal formalities and no need of registeration
"an activity can be an economic activity in one situation and non economic in another situation ."Do you agree . Give an e.g to justify the given statement
  • 1 answers

Ishita Dhir 1 week ago

Yes an activity can be economic activity in one situation and non economic in other situation. For eg doctor treating patients in hospital is an economic activity but at the same time the doctor treating his son is a non economic activity...
What is the meaning of business
  • 3 answers
Sorry Aa_M_lii,i am not agree with you .business always have a single focus on single objective but busy ness is have multiple objectives
It is a economic activity which includes buying and selling if of commodity in continuing dealing

Aa_M _Iii 1 month ago

The word business means to 'remain busy' with the production distribution , sale of goods and services. Led to fulfill the wants of people
List any five major commercial cities of ancient India
  • 1 answers
Bangalore – It is a home for many software companies. Kolkata- It is the first city that introduces the Metro Railway . Chennai- It is a capital of Tamil Nadu. Mumbai – It houses many Indian business houses. New Delhi – It is a beautiful region home to Indian tradition and culture. Aror: Located in present day Pakistan, this ancient city was a major commercial hub during ancient times. Lothal: A thriving port city, Lothal was a major city of the Indus Valley civilization. Sagalais: Thought to be located at present day Sialkot, Sagalais was a prime trading spot in ancient India. Muziris: Located in South India, this ancient port was known for its brisk trade with countries like China. Pataliputra: Capital city of the Mauryan Dynasty, this ancient city served as an important centre of trade and commerce. Hope this helps.....#@diti😊
What is business risk? What is its nature?
  • 1 answers
It is uncertanity of future and chances of losses in future. Higher the risk higher the chances of profit
write any three drawbacks of chain stores
  • 1 answers

Yogita Ingle 1 month, 1 week ago

  • Unlike a departmental store in a chain store, the variety of products and the number of choices are limited
  • Individual stores become dependent on the home office and generally do not show any initiative or drive to ramp up sales
  • These stores are not well adapted to changing demand. Since they have huge inventories they may face losses if the market demand changes
Why is it important for every business to earn a reasonable profit?
  • 2 answers
With the objective of maximum profit a person may indulge in unfair activities such as adulteration, profiteering etc.

Hiru 😜 1 month, 1 week ago

Profit is the main motive of any business. With profit, business could pay expenses nd expenditures. Profit is required for doing further investments like buying new machinery.
Can profit is the only objective of business?
  • 3 answers
Social objectives are always there

Aa_M _Iii 1 month ago

No, profit is not the only objective of business, but is the prime objective of the business

Intellegent Student 1 month, 1 week ago

No, but it is one of the economic objectives.

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