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TYPES OF BUSINESS MEANING OF BUSINESS Business can be defined as an economic activity under taken for the production of goods and services with the aim of satisfying the human wants. The etymology of “business” relates to the state of being busy either as an individual or society, as a whole, doing commercially viable and profitable work….
FEATURES AND TYPES OF PROFESSION PROFESSION A profession is an occupation which involves the rendering of personal service, of a specialised nature. The service is based on professional education, knowledge, teaching, etc. The specialised service is provided for a professional fee charged from the clients. The professionals are members of professional bodies of those lines and conduct…
OBJECTIVES OF BUSINESS A business is an organisation of human, material and other intangible resources. It is created to offer satisfaction to its customers, owners, employees, managers and other stakeholders. The function of business is to create, retain and satisfy profitable customers as a means of successfully achieving the desired ends of an enterprise. Although…
MEANING OF BUSINESS Business means the state of being busy. In essence, business concerns with buying and selling goods, manufacturing goods or providing services in order to earn profit. FEATURES OF BUSINESS 1. Entrepreneur: There must be someone to take initiative for establishing a business. The person who recognized the need for a product or…
