What is the definition of business

Business

1 answer:

tester [92]3 years ago

7 0

Answer:

See below

Explanation:

Business refers to the practice of producing or purchasing goods and services for sale to make a profit. It is the act of engaging in commercial activities of buying and selling products and services for profits.

Business entails individuals and companies' activities of supplying desired products and services to customers with profit motives. A businessperson identifies a need in the community. He or she sells to the community goods or services that satisfy that need a higher price to make a profit.

You might be interested in

What broadway play holds the record for highest single-week sales?

Ghella [55]

To kill a mocking bird

8 0

3 years ago

A group of cotton growers in North Georgia and North Alabama pooled their resources to build a cotton gin and storage area for t

GaryK [48]

Answer:

The correct answer is letter "B": Joint venture.

Explanation:

In a Joint Venture, two or more businesses agree to contribute to capital and resources for a common project. Usually, developers, manufacturers, and service providers agree to form a joint venture. If successful, those parties split the profit based on the value of their respective contribution to the joint venture.

5 0

2 years ago

Your classmates from the University of Chicago are planning to go to Miami for spring break, and you are undecided about whether

Lelu [443]

Answer:

the answer is 5690$. I think so

8 0

3 years ago

Fill in the blanks

ELEN [110]

Answer:

Management
Owners
External stakeholders

Explanation:

Management of the business is responsible for taking care of the performance of the business and comparing the present status of the business with the previous status, and sometimes with its competitors.
Owners of the business are the persons who are responsible for creating budgets and make various business-related decisions. These are done with the use of accounting information.
External stakeholders or shareholders are interested in buying shares of the company. They make their investment decisions by analyzing the various positions of the company after going through accounting information.

7 0

2 years ago

If interest rate on 1-year unsecured loan is 4.5%p.a. The inflation rate is 3.2% this year. What is the real interest rate?

Alexeev081 [22]

Explanation:

Jehsjj&( djshd kdkduryyhrhe tjrhrhrh

8 0

3 years ago