Answer:
A business is any organization where people work together.
Explanation:
- Business is any organization which strives to earn profit through the focusing on a common goal. Business is located such that it is near to the resources needed for its success.
- The business strategy and type of business determine the goals of the business.
- Irrespective of the devised strategy the business must aim to produce a product, service to empower the society.
- The three characteristics to conduct a business include:business must be the product of individuals working in organized way, must help the society, must make some profit.
