Sunday, 25 August 2013

Nature and Purpose of Business

Business, more than any other occupation, is a continual dealing with the future; It is a continual calculation, an instinctive exercise in foresight.

Business is an economic activity involving the purchase, production, and/or sale of goods and services with a motive of earning profits by satisfying human needs in society.

To earn maximum profits.

Social welfare.

Profit can no more be the objective of a business than eating is the objective of living.

The business of business is to do business.

Modern concept of business by profits through service.

No risk, no gain.

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