Following are the main business features:-
1. Creation of Value
Main feature of business that it creates the value. Value means anything which increases the quality of existing product. For example, a retailer buys the goods at large quantity. He converts his large quantity in small packs. Now, small consumer can buy it. Retailer is businessman. He increases the value of his product by his efforts and makes useful for his small consumers.
2. Selling of Idea
It is the second feature of business that businessman sells the idea.For example, all are selling same books but some businessmen are ideal because they have idea to sell best book to the buyer who needs it. They bring the idea about how to sell the books. For example, educational community wants to read educational books. Businessman will send the offer to buy new and updated educational books. They make a separate set for separate community
3. Practice of Business
Like any other practice, business is also based on practice. A businessman opens his shop daily till his death. He learns everyday, how to do business. One day, he becomes perfect in his business.
4. Taking of Risk
It is the one of important feature of business that businessman always takes the risk. He buys the goods. To buy the goods is the main risk because before selling it may be useless. It may be under the fire. Any mishappening can happen with his bought goods. He does not fear from taking any business. He follows the more risk and more profit principle.
5. Aim of Earning Profit
It is the feature of business that businessman always wants to earn profit. For earning profit, he works hard. For buying goods, he can go anywhere. He does his best for selling goods to customer. He develops his skill of better salesman.
