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BUSINESS
business trade and commerce
| Question | Answer |
|---|---|
| define business | business is when people regularly engage in activities with and purchase and selling of goods for the purpose of profit |
| what are the differnt auxiliaries to trade | (bitwa) 1.Banking and finance 2.insurance 3.transport 4.warehousing 5.advertising |
| what are the characteristics of a business activity | 1.an economic activity 2. production or procurement of goods 3sale or exchange of goods and services 4.dealing of goods and services of a daily basis 5. profit earning 6.uncertanity of return 7.element of risk |
| state any 3 differnce of a business profession and employmeny | pg 14 |
| objectives of a business | market standing innovation productivity physical nd finanacial resourceses earning profits manager performance and development worker performance social responsibility |
| natures of business risk | due to uncertainties risk is alwasy a factor degree of risk depends on size of bsuiness profit is the reward for risk taking |
| cause of business risk | natural cause (earthquake) human cause economic cause economic cause other cause |
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Angelo1234?
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