Characteristics or nature of business

khushal By khushal, 18th Oct 2014 | Follow this author | RSS Feed
Posted in Wikinut>Business>Accounting & Finance

Business is an essential part of economic activities. Business deals in goods and services to earn profit on a regular basis. On the basis of the above definition it can be concluded that business includes those activities which are related to production or purchase and selling them with an objective profit. It includes manufacturing trading insurance banking finance transportation etc.

Characteristics or nature of business

Trade, industry and commerce part 3
Business is an essential part of economic activities. Business deals in goods and services to earn profit on a regular basis. On the basis of the above definition it can be concluded that business includes those activities which are related to production or purchase and selling them with an objective profit. It includes manufacturing trading insurance banking finance transportation etc.
“A form of activity pursued primarily with the object of earning profit for the benefit of those on whose behalf the activity is conducted.”

Characteristics or nature of business
The main characteristics of a business are as follows:
1 A business deals in goods and services.
2 Business includes regularity of dealings or exchanges of goods and services.
3 Business includes all activities which are related to production and distribution.
4 Business created certain utilities for the society.
5 Business is related to earn profit with customers satisfaction
6 Business is conducted mainly to earn profit

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Business

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author avatar khushal
i am working of business department and i am perfect in business

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Comments

author avatar viewgreen
19th Oct 2014 (#)

Wow! Informative article, I guess you have a lot of experiences bout business. Thank you for share this valuable information.

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author avatar khushal
19th Oct 2014 (#)

thanks to read my post

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