What does the nature of business mean?
When filling out a form, "nature of business" refers to the type or general category of business or commerce you are describing. For example, if you work at Microsoft, then the nature of your business is software. If you work at a restaurant, the nature of your business is food services. Other examples include retail, wholesale, manufacturing, and marketing.
What did J D Rockefeller mean when he said Business is merely the survival of the fittest the working out of the law of nature and the law of God?
Business Law may be defined as that branch of law which prescribes a set of governance of certain transactions and relations between: Business persons themselves, Business persons and their customers, dealers, suppliers, etc., and Business persons and the state. The nature of the business law is that it acts in respect to the location of the business and the area of activity. The business law usually depends on the governing authority.