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17 November, 03:52

What are the definition and purpose of a business?

A business provides goods or services in exchange for ___. The goal of a business, if it wants to survive over time, is to ___.

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  1. 17 November, 05:24
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    The answer is explained below

    Explanation:

    A business provides goods or services in exchange for money. A business is a commercial activity which involves the production of goods and services for others so as to make profit. For a business to make profit, they need to satisfy the need of their customer. The goal of a business, if it wants to survive over time is to make profit by providing the necessities of its customers. Business creates job for the citizens and earn revenue for the country
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