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    Nidhi Bansal
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    Business Organization MODULE 1 Concept of Business being busy to earn income through production or purchase and sale of goods and services. According to B.O. Wheeler, business is an institution organized and operated to provide goods and services to society under the incentive of private gain.

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    Business Organization MODULE 1 Concept of Business being busy to earn income through production or purchase and sale of goods and services. According to B.O. Wheeler, business is an institution organized and operated to provide goods and services to society under the incentive of private gain.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    16 views4 pages

    Business Organization

    Uploaded by

    Nidhi Bansal
    Business Organization MODULE 1 Concept of Business being busy to earn income through production or purchase and sale of goods and services. According to B.O. Wheeler, business is an institution organized and operated to provide goods and services to society under the incentive of private gain.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    Business Organization

    MODULE 1

    Concept of Business
    being busy to earn income through production or purchase and sale of goods and services to satisfy the needs of other people

    Definition

    According to B.O. Wheeler, Business is an institution organized and operated to provide goods and services to society under the incentive of private gain.

    Characteristics of business
    Economic activity Production and/or exchange Dealing in goods and services Regularity and continuity in dealings Profit motive Uncertainty of profit or return Creation of utility

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