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Define Business. Discuss the Advantages or Disadvantages of business

Q. Define Business. Discuss the Advantages or Disadvantages of business.
Answer:

Define Business. Discuss the Advantages or Disadvantages of business

Definition:

ADVANTAGES (IMPORTANCE) OF BUSINESS
1. BETTER DEALING: Business forces can affect the life of consumers. The people come to know about prices, products and law relating to business. Such knowledge is sufficient for layman to make better dealing.
2. LEARNING ABOUT NEW PRODUCTS: Business helps consumes to learn about new products. The people can be educated through advertising and personal selling. They can learn about the uses and abuses of products.

3. CHANGES CONSUMER HABITS: Business can change the habits of consumers. The products being used at present are different from those of fifty years back. The improvements in products change the minds of people and their life styles.

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