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Function of Business

Function of Business

The functions of a business refer to the activities and processes necessary to achieve its goals and objectives. These functions can be divided into several areas, including: Each function is...

Component of Business

Component of Business

Industry Industry refers to the production of goods or services within an economy. It is a sector that deals with the manufacturing and transportation of products and the provision of...

Characteristics of Business

Characteristics of Business

The characteristics of a business refer to the unique features or qualities that define the nature of the business. These characteristics can include the business’s purpose, its production of goods...

Concept of Business

Concept of Business

Business is a human activity that involves the exchange of goods and services for money or other forms of compensation. It is an economic system that is centered on the...