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Jennykoko

Factors To Be Considered In Business
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Business is defined as a person's regular occupation,profession and trade. it is also an organization or enterprising entity is in commercial or professional activities.
Money is define as a current medium of exchange in the form of coins and banknotes.it is also any item that is generally accepted as payment of goods nd services and repayment of debts.
When we talk about business and money they work together because money is the essential in a business. In a business ,goods are sold out when the exchange of money commences.
Importance of money in a business
It serves as a medium of exchange
It is use as a store of value
It is a standard for measuring values
It serves as a standard for deferred payments.
It is also important because it has been realised that almost all the economic, social ,and other activities are carried and completed through the use of money .
Business is an important source of government revenue .
Business is an important source of government revenue .
Importance of Business
Mass production of goods
Expansion of market
Provision of credit by banksis
Communication and transport
Insurance
Also the most important thing to be considered in a business is the environment .there must be a business plan because if u fail to plan ,you plan to fail
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