Thursday, November 19, 2009

Definition of Business:

Definition of Business:
Business is term with a very wide meaning. It refers to activity of people working for the purpose of producing distributing goods and services at a profit. In broad sense, business is the activity performed by an individual or a group of people with a view to earn profit within the government rules and regulation.

``Business is the exchange of goods, services or money for mutual benefit or profit’’.
Business may be defined as any from of commercial activity to satisfy economic wants of a people at a profit
Finally ,business without profit or loss is no business .It is the while complex field of trade ,commerce ,industry and the network of ancillary services ,distribution ,banking ,insurance ,transport ,and so on which serve and penetrate the world of business as a whole

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