Business tips

Capture - Business tips
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We may define the term business in the following words :

” As an institution organized by person or group of persons to produce or distribute goods or services within incentive of earning profit through the satisfaction of human wants. The element of risk is also involved in it.”

Following are the main characteristics of a business :

  1.  Every business deals in goods and service
  2.  The profit motive in the business is essentia
  3.  Element of risk is also involved in busines
  4.  In a business there should be a series of dea
  5.  People should do the business for money. Free consumption of goods is not included in busines
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