Define business report and explain its characteristics

Report is for the guidance of higher authorities including company executives and directors.

Define business report and explain its characteristics

What is Business The term business is defined by different authors in different ways. From the above definition of business, we find that the term business includes all human activities which are organized and operated for producing or purchases and sale of goods and services with the main object to earn a profit.

In other words, we can say that business is the sum of total activities which are connected with the production or purchase and sale of goods and services with the object to earn a profit.

An entrepreneur is a person who combines the factors of production to produce goods and services. The presence of entrepreneur is essential in any business which may be operated on a small or on a large scale. Business enterprise whether it is carried on a small or a large scale deals in goods and services.

Business consist of producing, purchasing or selling goods on a continuous basis. For example, I sell my old books in the market is not doing business.

However, if I purchase old books and sells them in spare time on regular basis to earn profit it will then be treated as a business. There is an element of risk and uncertainty in every business. There is no certainty that business will always result in profit.

The business may suffer losses due to change in demand for fashions fire robbery. The primary objective of every business is to earn a profit. If an enterprise is to survive grow and expand it must yield a profit.

Profit making thus is essential element and characteristic of business.What is Business Report or, Definition of Business Report, Meaning of Business Report-When a report is written for business purpose, it is called business report.

It is a little bit different from other reports. It deals with business related information. A business report is prepared containing business related information that assists the management to take better decisions. When you write a business report, focus on the subject at hand.

Information included in the document should be accurate, relevant and informative to its readers. 1. A distinguishing feature or attribute of an item, person, phenomenon, etc., usually divided into three categories: (1) physical, (2) functional, and (3) operational.

Buisness is a person's regular occupation, profession or is an organaization or economic system where goods and services are exchanged for one another or for money. What Is a Business Report?

A tangible document. defines a report as “a document containing information organized in a narrative, graphic or tabular form, prepared on ad hoc, periodic, recurring, regular or on an as-required basis.”.

The fact that a business report is a document only emphasizes its importance. Define a company. Explain its Characteristics. Define a company.

define business report and explain its characteristics

Explain its Characteristics. The property of the company is to be used for the company’s business and not for the personal benefit of its members.

In the case of Macaura vs. Northern Assurance Co. Ltd., Macaura (M), the owner of a timber estate sold all the timber to a.

Business-IT alignment - Wikipedia