Download Class 11 Business Studies Notes PDF Free - Full Version
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About Class 11 Business Studies Notes
The document discusses the nature and purpose of business. It defines business as economic activities involving the purchase, production and/or sale of goods and services with the objective of earning profit. The key characteristics of business are that it is an economic activity, involves the production/procurement and sale of goods/services, aims to earn profits regularly through transactions, and carries risk and uncertainty. The objectives of business are both economic, such as earning profits, gaining customers, and innovating, as well as social, like providing quality goods/services at fair prices, generating employment, and ensuring employee welfare. Professions differ in requiring specialized skills/knowledge and certifications, while employment refers to working for others in exchange for remuneration.
Detailed Information
| Author: | ['Akshit Juneja'] |
|---|---|
| Publication Year: | 2022 |
| Pages: | 89 |
| Language: | English |
| Format: | |
| Price: | FREE |
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