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KENDRA HIMALAYA JONATHAN AHMEDABAD REGION STUDY MATERIAL CLASS: XI BUSINESS STUDIES 201415 SESSION201415CHAPTER 1 NATURE AND PURPOSE OF BUSINESS Introduction:All Human beings where ever they maybe

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Nature and purpose of is a statement or description that explains the reason or intention behind a particular action or decision.

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Individuals or entities who are involved in a transaction or decision may be required to provide a nature and purpose of statement.

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To fill out a nature and purpose of statement, one should clearly and concisely describe the reason or intention behind the action or decision being made.

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The purpose of nature and purpose of is to provide transparency and clarity about the reasoning behind a particular action or decision.

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The information reported on a nature and purpose of statement may include the background, rationale, and goals of the action or decision.

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