Business as a term can be defined as the indulgent of economic activities like purchase, exchange, sale or production of goods and services in a way to fulfil the customers’ demand and having a prime motive to earn profit or having a social cause for the same. Steps Business as an activity can be decomposed into a sequence of steps: Idea – It consists of a valid and thorough research of the domain in which the business is going to be carried out as well as the name of the business. Business plan – It’s basically the answer to some of the questions as to what’s the purpose. Who are…