What is the mean by business ?
Ans :- Meaning of business:- Any activity taken up with the motive of earning profit is known as business . business represents an organized effort by an individual or individuals engaged in making a living its therefore involes all activites production amd purchase of good, rendring of service, with the objective of making a project by custumer satisfaction . Business may be defined as the organized production or sale of goods undertaking of the object of earning profit through the satisfaction of human wants. A business may be carried on by a single person or a group of person. Every business organization aims at earning & maximzing its profits . A business may be classified into verious catrgories ie;- role proprietorship business , partnership business , joint business , hindu undividend family (HUF) business etc. The business exists to make a profit and will continue to exist as long as the business is fetching profit But will have to close down as i...