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  • Group Presentation of Business Environment: Nova International College

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    Gopal Niraula
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    This document provides definitions and characteristics of business. It defines business as the production, distribution, and exchange of goods and services to earn a profit. Business is also defined as economic activities performed for profit. The document then lists 9 key characteristics of business: 1) entrepreneurship, 2) economic activities, 3) want satisfaction, 4) utility creation in the form of time, place, form, and possession utilities, 5) capital investment, 6) risk taking, 7) competition, 8) organization, and 9) consumer satisfaction. It concludes by thanking the audience for their attention and welcoming feedback.

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    Characteristics of Business

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    This document provides definitions and characteristics of business. It defines business as the production, distribution, and exchange of goods and services to earn a profit. Business is also defined as economic activities performed for profit. The document then lists 9 key characteristics of business: 1) entrepreneurship, 2) economic activities, 3) want satisfaction, 4) utility creation in the form of time, place, form, and possession utilities, 5) capital investment, 6) risk taking, 7) competition, 8) organization, and 9) consumer satisfaction. It concludes by thanking the audience for their attention and welcoming feedback.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    15 views8 pages

    Group Presentation of Business Environment: Nova International College

    Uploaded by

    Gopal Niraula
    This document provides definitions and characteristics of business. It defines business as the production, distribution, and exchange of goods and services to earn a profit. Business is also defined as economic activities performed for profit. The document then lists 9 key characteristics of business: 1) entrepreneurship, 2) economic activities, 3) want satisfaction, 4) utility creation in the form of time, place, form, and possession utilities, 5) capital investment, 6) risk taking, 7) competition, 8) organization, and 9) consumer satisfaction. It concludes by thanking the audience for their attention and welcoming feedback.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    of 8

    NOVA INTERNATIONAL COLLEGE

    Group Presentation Of BUSINESS ENVIRONMENT


    MEMBERS
    Nadeep Siwakoti Bhuwan Paudel Gopal Niraula Kaluram Rayamaji

    Business and its Characteristics

    DEFINITION OF BUSINESS
    Business is concerned with production, distribution and exchange of goods and services to earn profit

    The definition of business can be viewed through two ways: Traditional Concept Modern Concept

    DEFINITION OF BUSINESS
    According to James Stephenson Economic activities performed for earning profit are termed as business. Main elements in the meaning of business are:It is an organize activity. It produces and markets products. It makes profit to acquire wealth. It satisfies customers wants. It behaves legally with social responsibility.

    CHARACTERISTICS OF BUSINESS
    1.

    2.
    3.

    Entrepreneurship Economic activities Want satisfaction

    CHARACTERISTICS OF BUSINESS
    4.

    Utility creation
    Time utility Place utility Form utility Possession utility

    5. 6.

    Capital investment Risk taking

    CHARACTERISTICS OF BUSINESS
    7.

    8.
    9.

    Competition Organization Consumer satisfaction

    Thank you for your attention.


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