Nature of business

Today business is globalised activity. It presents in the every corner of the world. It increases living standard of billion people of the world. So, the nature of business is very wide. These natures are as below.        1.Economic activity - It is the first nature of business. It is ac economic activity it means money is involved in every function, sub function, activity, sub activity and action of business.                                           2.Continuous activity - Today world becomes globalised. People live life in the form of 24*7 form. So business works in the form of 2*7.                                                 3. Profit oriented - profit is the life blood of  business without profit business may not perform any function by effective and efficient way.                                                      4. Legal activity - Business is a legal activity. It follows rules regulations law of local, state and central government.             5.Risk- Every business has risk. These risks belong to economic, non economic. It depends the size of business is high risk is also high.                                                       6. It forecasts the changing need desire, demand, want and expectation of common man is fulfill the it.