Category: Business Guides

10 Importance of Studying Business in Nigeria

The term “business” describes any activity involving the production, acquisition, sale, or provision of goods or services in return for cash. It covers a wide range of topics, such as managing, organizing, and running businesses or enterprises, as well as producing, distributing, and selling goods and services. Key components of a business are as follows: Goods and Services: Businesses provide either tangible products (goods) or intangible offerings (services) to meet the needs or wants of consumers. Profit Motive: Most businesses operate …