Human beings have several wants which go on increasing day by day. In order to to satisfy their ever increasing wants, people require various types of goods and services.
Business activities are essential for production of these goods and services and for thier distribution among ultimate consumers. Business makes proper allocation and utilisation of natural, financial and human resources for the economic growth of the country and for the welfare of society.
The study of business activities helps a person to take better decisions. One can be better customer, employee and investor if one is familiar with business enterprises and their operations.
In this chapter I have discussed about the following points:
1. Definition and concept of Business
2. Charactristics of Business
3. Business as an Economic Activity
4. Objectives of Business
5. Role of Profit in Business
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Informative
ReplyDeleteNeat and clear points in the post . The outcomes you want to achieve in order to realize your longer-term corporate vision are known as business objectives
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