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The followings are some of the differences between profession and business.
Business:
- It involves an activity relating to purchase and sale of goods with an objective of earning profit.
- It does not necessitate specialized study of knowledge.
- The primary objective of the business is maximization of profit.
- It involves huge amount of capital.
- The entire process of business involves risks.
Profession:
- It involves rendering of specialized services for a reward called a fee.
- Profession necessitates specialized study, training and knowledge.
- It involves element of service in exchange of an economic reward.
- It involves less amount of capital.
- Though risk is there in profession, it is negligible.
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What is difference between provide and supply?
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What is difference between business plan and policies?
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What is the difference between agriculture and agribusiness?
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What is the difference between entrepreneurship an entrepreneur?
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What is the difference between a profession and a business?
A profession is a line of work, such as the medical profession, the accounting profession, etc. A person working in a profession might have his or her own business, or might be working for another person's business. A business is a company, it is an organizational structure for some commercial or profitable purpose. For example, a store is a type of business. If you work in a store, you are in the retail sales profession.
What is the Difference between medium and higher level profession?
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What is the Difference between Bachelor of Science in business admin and bachelor of business admin?
what is the difference between bachelor of science in business administration and bachelor of business administration.
What is the difference between business and applied business?
nothing
What is the difference between a trade and a profession and what type of education is needed for each?
A trade can be a hobby while a profession usually has some sort of pay
What is difference between EC and RC in Professional tax?
RC - Registration Certificate of Profession Tax - Payment of Employer profession tax EC - Enrollment Certificate of Profession Tax - payment of Employee profession tax
What is the difference between business consulting and counseling?
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What is the difference between a self service business and a self selection business?
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What is the difference between cooperative and other business organization?
Check
Difference between career and profession?
a career is a field for or pursuit of consecutive progressive achievement especially in public, professional, or business life. I think a profession is the area for which you are trained and your career in the implementation of that profession.
What is the difference between occupation and business?
Business is a narrower term. Occupation includes business, profession, service and all other activities that are directed towards satisfying financial and other psychological needs of human beings. Business is Profit oriented. All occupations may not necessarily be profit oriented. For Example, Social Service is an occupation, but not a business.
