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  • Characteristics of Business

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    KLE SMSR
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    Business involves the sale or exchange of goods and services on a regular basis to earn a profit, though returns are uncertain due to risks involved in production or procurement. Business is an economic activity characterized by profit earning through the exchange of goods, with risk and uncertainty inherent in returns.

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    Business involves the sale or exchange of goods and services on a regular basis to earn a profit, though returns are uncertain due to risks involved in production or procurement. Business is an economic activity characterized by profit earning through the exchange of goods, with risk and uncertainty inherent in returns.

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    © All Rights Reserved
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    26 views3 pages

    Characteristics of Business

    Uploaded by

    KLE SMSR
    Business involves the sale or exchange of goods and services on a regular basis to earn a profit, though returns are uncertain due to risks involved in production or procurement. Business is an economic activity characterized by profit earning through the exchange of goods, with risk and uncertainty inherent in returns.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Nature of Business

    Environment

    Dr. Shashidhar Mahantshetti


    Assistant Professor
    School of Management Studies
    & Research
    Characteristics of Business
    • An economic activity
    • Sale or exchange of goods
    • Regular basis
    • Profit earning
    • Uncertainty of return
    • Element of risk
    • Production or procurement
    Thank You

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