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what is the definition of Business definition?

2007-09-04 12:41:27 · 1 answers · asked by Binku 1 in Business & Finance Other - Business & Finance

1 answers

A Business is:
1. An organization or enterprising entity engaged in commercial, industrial or professional activities. A business can be a for-profit entity, such as a publicly-traded corporation, or a non-profit organization engaged in business activities, such as an agricultural cooperative.

2. Any commercial, industrial or professional activity undertaken by an individual or a group.

3. A reference to a specific area or type of economic activity.

Investopedia Says:
1. Businesses include everything from a small owner-operated company such as a family restaurant, to a multinational conglomerate such as General Electric.

2. To "do business" with another company, a business must engage in some kind of transaction or exchange of value with that company.

3. In this sense, the word "business" can be used to refer to a specific industry or activity, such as the "real estate business" or the "advertising business".

2007-09-04 19:59:40 · answer #1 · answered by Sandy 7 · 0 0

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