Short Answer Type Questions: Describe the concept of Business in a modern context.


A modern business can sell its products or services through the internet, media, mobile phones, etc.
It also has many subsidiaries for different functions of the business.
Modern businesses are usually multinational companies that sell their products all over the world.
In addition, modern businesses have a global supply chain and they source their supplies from all over the world.
Therefore, they need to have a wide link of suppliers to get the best quality at an affordable price.

Final answer :
A modern business is focused on new technology, innovation, and an ever-changing landscape.
A traditional business focuses on benefiting the people that work there and using tried-and-true methods to achieve its goals.