KIP254
Member
A business is an economic activity carried out by individuals or organisations with an aim of making profits.
Why need to start a business?
A business activity generates goods and services that satisfy human wants. Examples of business activities are farming, manufacturing, banking, warehousing and provision of services such as hair dressing or tailoring.
Any business activity benefits the Owner with making profits as a reward therefore any business has to make a profit if not then its not a business. This helps the community by creating job opportunities and creating a market for the locally produced goods. It helps to raise the economy of the particular area.
Why need to start a business?
A business activity generates goods and services that satisfy human wants. Examples of business activities are farming, manufacturing, banking, warehousing and provision of services such as hair dressing or tailoring.
Any business activity benefits the Owner with making profits as a reward therefore any business has to make a profit if not then its not a business. This helps the community by creating job opportunities and creating a market for the locally produced goods. It helps to raise the economy of the particular area.