- A business is an organization or entity engaged in commercial, industrial, or professional activities1. Here are some key characteristics of business:
- Economic activity: Businesses operate with the primary objective of earning money.
- Production/purchase of goods and services: Businesses produce or procure goods and services to add value and sell them to consumers2.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations. Business types range from limited liability companies to sole proprietorships, corporations, and partnerships.www.investopedia.com/terms/b/business.aspCharacteristics of Business
- Economic Activity: Business is an economic activity, as it is conducted with the primary objective of earning money, i.e. for an economic motive.
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Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit."
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