Business experts and authors describes business in
different way.
some authors says,
"Business is an organization which is occupied in producing goods and services to make a profit".
where as some other authors say,
"human activity towards providing or acquiring wealth through buying and selling goods is called business"
where as some experts says,
"business embraces all those functions involved in the making,buying,selling and transporting of good".
TYPES OF BUSINESS:
There are four types of business,
1 Sole proprietorship
2 Partnership
3 Company
4 Cooperative society.
Difference between business and commerce:
Business and commerce are two different words but they have identical meaning and concept and can be used alternatively.
Economics:
Economics studies all those activities ,which are directly related with wealth.it is source of all financial, industrial, commercial and business activities because all of them are concerned with creating wealth.
QUALITIES OF A SUCCESSFUL BUSINESSMAN:
A businessman must possess certain qualities if he has to stay in the market no matter, how much capital or fund he owns.
Those qualities are,
1 Risk Assuming
2 Goal Oriented
3 Well Informed
4 Performance Oriented
5 Rational, Not Emotional
6 Fair Dealer
7 Experienced.
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