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Question
What Are the Main Characteristics of Business?
What Are the Main Characteristics of Business?
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Solution
The main characteristics of business are as follows:
- Economic activity
- Buying and selling
- Profit Motive
- Risk and Uncertainty
- Continuous process
- Customer satisfaction
- Social Activity
- Creative and Dynamic
- Optimal use of resources
- Government control
The main characteristics of business are as follows:
- Economic activity
- Buying and selling
- Profit Motive
- Risk and Uncertainty
- Continuous process
- Customer satisfaction
- Social Activity
- Creative and Dynamic
- Optimal use of resources
- Government control
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