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

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Short Note

Explain the following term/concept.

Business

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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.
Concept: Introduction of Commerce and Business
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Chapter 1: Introduction of Commerce and Business - Exercise Q.2 [Page 19]

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Balbharati Organisation of Commerce and Management (OCM) 11th Standard HSC Maharashtra State Board
Chapter 1 Introduction of Commerce and Business
Exercise Q.2 | Q 1 | Page 19
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