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