Introduction To Organization Essay

University Of Expansion Alternative (UODA)

Name: Md. Rakibul Hassan

Department: BBA

Student IDENTIFICATION: 021132071

Sign up No: (A/C) ID: 2013571

Batch Not any: 43

Group: B

Task On: Intruduction To Business

Assignment Theme: Characterstics Of Business

Training course Code: ITB 101

Anything has some own characteristics, Organization has also Whenever we look the definition of organization: Business means being active, it is a procedure for producing and exchanging goods and services with a view to make profit. From this definition we now have find One qualities that is Profit, Business recieve more characteristics, Now we are going to discuss below Qualities of Organization:

Business has its own basic & own features. Like as-

Requirement of earnings: - Every organization should have the expectation of income. Making income is a vital characteristic of business, In respect to Farrenheit. H. Knight: " Earnings is prize for bearing the risk and uncertainty” The principal aim of organization is to earn profits. Profits are essential to get the success as well as growth of the business, Revenue is the biggest stimulus to get maintaining the continuity of business. The hope of creating a good revenue attracts males of ability to business.

Legality: - Business activities must have to become legal, Making profit throughout the illegal way is certainly not called business. Profits need to, however , become earned through legal and fair means. Business should never exploit world to make money. That's why smuggling is not called business.

Dangers and Doubt: - Earnings is the praise for if, perhaps risk. Risk implies the uncertainty of profit or perhaps the possibility of damage. Risk can be described as part and parcel of business. Businesses function in uncertain. May be in the business world that, " No dangers no gains” A business person or business owner has to have risk to perform his business properly.

Dealings in goods and services: - Business means dealing in services and goods. The goods may be consumers'...



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