A business could be defined as any activity or occupation aimed at making profits and also risks losing.
BUSINESS RESOURCES is classified into
1 Money: Capital/fund required for the take off of a business venture, and for Its daily operations.
2 Human resources: The manpower required for the planning, running and management of a business. It could be skilled, semi-skilled or unskilled personnel,
3 Material resources: The raw materials, tools, equipment and stock are required for the business operations.
AIMS AND OBJECTIVES OF BUSINESS
- Profit making.
- Creates employment opportunities.
- Production of goods and services r consumption by the public.
- To promote good relations of workers and labour unions.