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mohit sells his playstation to his friends at a profit of rs. 2000. Will it be considered as a business? State the feature of business which is being highlighted here.

Hi Jasmin,
Business involves dealings in goods or services on a regular basis. One single transactions of sale or purchase, therefore, does not constitute business. If Mohit sold the playstation even at a profit, it cannot be called a business unless he does it on a regular basis.
Hope it Helps :-)
Good Luck for your Exams!
 
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No it is not a business because mohit doesnot sell his goods or services on a regular basis and business is not done only for a single selling
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No, it can't be considered as a business bcoz it is nt being done on a regular basis and of regular transactions
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It is not a business because there is only one event of transaction and it contradicts the feature of business which demands it has to be on a daily basis.
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One single transaction of sale or purchase not considered as a business. Business involves dealing in goods or services on a regular basis but here Mohit does not sell his goods on a regular basis that's why it does not considered as a business
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