User talk:Grouphbam1252014

INTRODUCTION Literally,the word business means the state of being busy.Generally,the term  business include  all human activities concerned with earning money.in other words,business is an activity in which various persons regularly produce or exchange goods and services for mutual gain or profit.The goods and services produced or purchased for personal use are not included in  Business. DEFINITION OF BUSINESS THE CONCEPT OF BUSINESS Business concept is an idea for a business that includes basic information such as the service or product,the target demographic and  unique selling proposition that gives a company an advantage over competitors.A business concept may involve a new product or simply a novel approach to  marketing or delivering an existing product.Once a concept is  developed,it is incorporated into a business plan.
 * According to L.H.Haney,business may be defined as human activities directed toward providing or acquiring wealth through buying and selling of goods.
 * According to James Stepheson,every human activity which is engage in the sake of earning profit may be called Business.
 * In the word of B.W.Wheeler,an institution organized and operated to provide goods and services to the society,under the incentive of private gain is called Business.