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Creation of Utilities: An important characteristic of business is the creation of utilities is goods so that consumers may use them. Fo... -
1) Social Service Activities: There are certain human activities which do not seek profit. They are organized and operated with the sole o... -
Deals in Goods And Services: Every business enterprise whether it is carried on a small or a large scale deals in goods and services. The ... -
The term "Business has been defined differently by various writers. According to Urwick and Hunt, "Business is any enterprise whi... -
Series of Deals: Business consists of producing or purchasing and selling of goods on continous and regular basis. One or two stray or ... -
Personal Consumption Activities: Similarly, all the activities which are concerned with the production or purchase of goods and services f... -
Fast Means of Communication and Transport: The fast developed means of communication and transport these days are helping the traders in pr... -
Involves Production or Exchange of Goods: An important characteristic of business is that it involves production or sale of goods and s... -
To t he suppliers of input: (i) Prompt payment. (ii) No undue decrimination among suppliers. ... -
Provision of Capital: Capital is life blood of business. Before starting a business, the capital needs of the business is to be assessed....
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