In: Management What is nature of business example? What is nature of business example? 1 Answer Mike Johnson 3 Questions 11 Answers 1 Best Answer 30 Points View Profile Mike Johnson Added an answer on June 28, 2020 at 12:06 pm Nature of Business Example Regular Process: For example, A person is running a restaurant business. So, he will do all the activities regularly daily. He can not do a task at once for a lifetime. He will need to cook food daily for running his business. Risk: For example, He cooks food but not able to sell. So the reaming food will be wasted and not useable another day. It becomes the risk for his business. Economic Activity: Business is an economic activity; for example, He sells food to earn money. Any commercial activity becomes an economic activity. Customer Satisfaction: For example, If he cooks good food, so the customer will come to his restaurant again. Otherwise, the customers are not satisfied with his services. Capital required: For starting his restaurant, he needs money or capital. He also can take a loan from the bank. 0 Reply Share Share Share on WhatsApp Share on Facebook Share on Twitter Share on LinkedIn Sorry, you do not have a permission to answer to this question.