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What is business explanation

User Bachor
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Answer:

A business is any organization where people work together.

Explanation:

  • Business is any organization which strives to earn profit through the focusing on a common goal. Business is located such that it is near to the resources needed for its success.
  • The business strategy and type of business determine the goals of the business.
  • Irrespective of the devised strategy the business must aim to produce a product, service to empower the society.
  • The three characteristics to conduct a business include:business must be the product of individuals working in organized way, must help the society, must make some profit.

User Abishek
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