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| 1. | Define business And its feature | 
| Answer» Answer: Business is an economic activity that involves the exchange, PURCHASE, sale or production of goods and services with a MOTIVE to earn profits and satisfy the needs of customers. Businesses can be both profit or non-profit organizations that FUNCTION to gain profits or achieve a social cause respectively. Explanation: The following are the TEN important characteristics of a business: Economic activity: Business is an economic activity of production and DISTRIBUTION of goods and services. ... Buying and Selling: ... Continuous process: ... Profit Motive: ... Risk and Uncertainties: ... Creative and Dynamic: ... Customer satisfaction: ... Social Activity: | |