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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:



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