Concept of Business
Business is an economy activities consisting of production, distribution, exchange and auxiliary function to satisfy the changing need and demand of customer to meet economic goal of the organization.
The word “Business“ is derived from the word “busy” which literally means the state of being busy. in other word
An organization or economic system where goods and services are exchanged for one another or for money.
Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.
According to Lewis H. Hanery, “a human activity directed towards producing and acquiring wealth through buying and selling good.”