What is a business? Explain the characteristics of business. – InterviewSolution

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1.	What is a business? Explain the characteristics of business.
Answer» Business is defined as the human activity directed towards acquiring or producing the wealth by selling or purchasing the product. it is the process of activity conducted with an objective of earning profits under uncertain market conditions.Characteristics of business: three main characteristics- 1.individuals working together2.business must satisfy the societal need3.must seek to make profit

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