What is business?

Which one is not a feature of Business?

• Risks and uncertainties

• Exchange of goods and services

• Satisfy human wants

• Self benefits

Which one is not the importance of Business?

• Contribution to cultural development

• Preservation of natural resources

• Development of international relations

• Provision of employment

Business = ΣI+ΣT+ΣAT+ΣDS

What is the meaning of T?

The basic two elements of business:

1. Physical Elements and 2.

Features of Objectives (SMART)

• Specific

• Measurable

• Adjustable

• Realistic

• Target oriented

The general environment consists of

• Economic Dimension

• Socio-Political dimension

• Technological Dimension

• Legal dimension

• Cultural dimension