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Monday 18 January 2010

Defination of Business

Business may be defined as :
An activity in which different persons exchange something of value, whether , goods and services for mutual gain or profit (Patterson and Plowman)

In other words it also defined as:
According to Glos-Baker " Business includes those activities in which people, working singly or more often in association with others, strive or produce and distribute the goods and services that are necessary to the well-being comforts and hapiness of individuals and for the benefit of society as whole"

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