Business means to remain busy in any
activity like buying, selling, producing or distributing goods or services for
a livelihood with the intention of earning profit.
BUSINESS DEFINITION
"Any organisation that fulfills
itself through making a product or seiviceis business
P.F. Druckcr
"is an institution organised and
operated to provide goods and servicesto society under the incentive of private
gain."
B.O. Wheeler
FEATURES OF BUSINESS
Business may be small or large but almost
all business share some of the common features which are necessary for the
success of a business. These are known as basic features or common features of
the business. These are shown below:
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