Business Assignment Help (1)

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Business Assignment Help

By EssayCorp
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Contents

• Define business
• Characteristics of business
• Types of business
• Function of business
• About us
• Thank you

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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

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Thank You