2007-06-23 08:37:08 · 4 answers · asked by K2 1 in Business & Finance ➔ Other - Business & Finance
Business is a wider term. The reason being that business means performing a set of activities for carrying out transactions that genrate cash surplus. Here, trade is just one activity.
2007-06-23 21:39:26 · answer #1 · answered by Mallikarjuna Sastry 3 · 0⤊ 0⤋
Business is all transactions for profit where trade is just the exchange of goods. Therefore business is the wider term.
2007-06-23 08:41:10 · answer #2 · answered by shipwreck 7 · 0⤊ 0⤋
business means : duty , employment , occupation , profession ,
trade means :the business of buying and selling , commerce , occupation. So wider term will be trade. Good luck!
2007-06-24 18:34:09 · answer #3 · answered by Cecil R 3 · 0⤊ 0⤋
hi,
business is a wider term as compared to trade.Trade means just the transaction of goodss while business comprises trade,warehousing,transport and all such services.
2007-06-23 09:10:31 · answer #4 · answered by Enjoying Life 1 · 0⤊ 0⤋