Business may be understood as the organized efforts of
enterprise to supply consumers with goods and services for a profit.
Businesses vary in size, as measured by the number of employees or by
sales volume. But, all businesses share the same purpose: to earn
profits.
enterprise to supply consumers with goods and services for a profit.
Businesses vary in size, as measured by the number of employees or by
sales volume. But, all businesses share the same purpose: to earn
profits.
Modern business is dynamic. If there is any single word that can best describe today’s business, it is change. This change makes the companies spend substantially on Research and development (R & D) to survive in the market.
Mass production and mass marketing are the norms followed by business enterprises. The number of companies with an annual turnover of Rs.100 crore each was only three in 1969-70.The figure has gone up by hundreds these days.
