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Title: Business Assignment Help


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Business Assignment Help

By EssayCorp
2
Contents
  • Define business
  • Characteristics of business
  • Types of business
  • Function of business
  • About us
  • Thank you

3
Define Business
  • Business can be defined as the activity in which
    an organization analyzes the data for its
    effective functioning. A business can be owned
    privately, nonprofit, and for state owned. The
    main objective of a business is to earn maximum
    profit and acquire wealth through the people
    satisfaction.

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Characteristics Of Business
  • Economic activity Business is the production and
    distribution of various goods and services that
    offers employment opportunities in different
    sectors.
  • Purchasing and selling The whole operation of
    business is trading that involves buying and
    selling of raw material, machinery, property,
    etc.
  • Continuous process Business is a continuous
    process of production and distribution. It must
    be conducted regularly to grow and earn maximum
    profit.
  • Profit Profit plays a crucial role in
    determining the success and failure of a
    concerned business. Every business is usually
    expected to earn high profit by the selling goods
    and services.
  • Uncertainties In business, risk is associated
    with very purchase and sale of goods and
    services. Insurable and non-insurable risks are
    the types of risks that are associated with the
    business.

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Types Of Business
  • Sole proprietorship It is the simplest business
    type that needs only one person to operate all
    the functions. However, a specific license or
    document is must to open a sole business.
  • Partnership This type of business is owned by
    the two or more than two people. Also, each
    financial and legal responsibility falls upon the
    both business owner.
  • Limited partnership It is a kind of general
    partnership in which a general partner is usually
    involved in everyday business operations.
  • Corporation It is a fully independent business
    that comprises of several shareholders who are
    provided with sufficient stock in a new business.
  • Non-profit organization This business
    organization is mainly planned to promote
    educational and charitable purpose.

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Function of business
  • Planning Planning is the crucial aspect of every
    business to execute day to day operations.
    Without a proper plan, no business can achieve
    its desired goals.
  • Production It is the primary function of every
    business entity, which helps in producing goods
    and delivering services to fulfill the people
    need.
  • Purchase Every business entity purchase raw
    materials from different suppliers to continue
    the process of production.
  • Sale After purchasing goods, business used to
    transfer them to the concerned person to gain
    maximum profit.
  • Market Research Through the process of market
    research, a business can get the relevant
    information about the customers demand,
    expectation, and purchasing capability too.

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About Us
  • EssayCorp offers the best online service provider
    that offers quality assistance to the students
    worldwide. We deliver effective writing services
    for homework, assignment, thesis, case study,
    dissertation, and much more. Our writers are well
    versed with their respective domain and always
    deliver the assignment before the deadline.

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Contact Us
  • https//www.essaycorp.com/business-assignment-help
    .html

9

Thank You
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