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Explain the following term/concept. Business - Organisation of Commerce and Management

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Question

Explain the following term/concept.

Business

Short Note

Solution

  1. Business is one of the economic activities.
  2. Business is done to earn a profit.
  3. It is done by individuals organisations.
  4. The business includes all those activities done for production, processing, and distribution of goods.
  5. The business has a risk involved.
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Introduction of Commerce and Business
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Chapter 1: Introduction of Commerce and Business - EXERCISE [Page 19]

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Balbharati Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board
Chapter 1 Introduction of Commerce and Business
EXERCISE | Q 2. 1) | Page 19
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