Sunday, November 14, 2010

characteristics of business

the characteristics of business are:
1.entrepreneurship:some entrepreneur should establis a business.without entrepreneur ship any business cannot get success .so entrepreneur is necessary.
2.capital:capital is necessary to start any kind of business.so adequate capital is necessary to establish a business.it is the source of machine and materials.
3.organization:every business should have organization to make all the work of the business.it is the communication channel to controll all the business company as a whole.
4.governtment revenue:every business organization whether governtment or private should pay governtment revenue.
5.regular dealings:business produce many goods so it is really necessary to involve regularly in dealing which gives profit.
6.profit motive:all the business should start to earn profit any business without profit is not termed as business.so,profit is essential.
7.employee:every business organization should have sufficient employee to perform all the business avtivities efficiently.
8.organizational structure:the organizational structure of the organization also determine the speed of the work in the organization.so the organizational structure should be enthusiastic to perform the company's work fastly.

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