0
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.
Wiki User
∙ 12y ago
Wiki User
∙ 11y agobusiness motive for profit,profession motive is earnings
Add your answer:
Earn +20 pts
What is difference between provide and supply?
in business
What is difference between business plan and policies?
there is none
What is the difference between agriculture and agribusiness?
diffrence between agriclture economic and agri business
What is the difference between entrepreneurship an entrepreneur?
The difference between entrepreneurship and an entrepreneur is Entrepreneurship is the process of managing business with expectation of profit making.
What is the difference between expansion and recovery in a business module?
blooop bloop
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?
aaa
What is the difference between micro business and small business?
difference micro business
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 cooperative and other business organization?
Check
What is the difference between business consulting and counseling?
unable to differentiate the difference between Business Consulting and counselling please assist
What is the difference between a self service business and a self selection business?
What is the difference between a self service and a self selection
What is the difference between Estate Management and Business Management?
What are the difference between estate management and business management
Is business managment a profession?
Is business management a profession? do some external research in answering this question
