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Features of Business Or Nature of Business Or Characteristics of Business

The features of business or nature of business or characteristics of business may be classified as: Economic Activity Business necessarily has to be an economic activity. But what exactly is an economic activity? Any activity that gives a monetary return is an economic activity. For example, if your friend’s father picks you up and drops […]

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Forms of Business

Business / learnwithisrak

The forms of business may be classified as: Sole proprietorship: A sole proprietorship, also known as a sole trader, is owned by one person and operates for their benefit. The owner operates the business alone and may hire employees. A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating

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Business System

Business / learnwithisrak

What is Business? Business is the outcome of the combined efforts of one or more than one individuals to fulfil a social need i.e. producing and selling goods/services in order to earn profit. Forms of Business Features of Business Or Nature of Business Or Characteristics of Business Objectives of Business Or Importance of Business It

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