by | August 17, 2012 · 10:17 am
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Case Study on Business Environment

Definition of Business
The term business is understood and explained in different ways by different people. For some, business is an activity, for some it is a method of transacting, for sonic others, it is a method of money making and some people argue that business is an organized activity to achieve certain pre-determined goals or objectives. Dictionary meaning of business is: the act of buying and selling of goods and services, commerce and trade. Based on all these meanings of justness, we may define business as: gainful activity through which various elements of society conduct exchanges of the desirable things.

In the olden days, the people engaged in different activities in a society were classified into four groups : Brahmnas, Shatriyas, Vysyas and Sudras, Of these our fold classification of social activities, the activities of vysyas included basically, facilitating exchange.

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Business

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