Question

asl speech on business world for 3 min....

Answer 1

A business, also known as an enterprise, or a firm, is an entity involved in the provision of goods and/or services to consumers.[1] Businesses are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to customers in exchange for other goods, services, or money. Businesses may also be social non-profit enterprises or state-owned public enterprises targeted for specific social and economic objectives. A business owned by multiple individuals may be formed as an incorporated company or jointly organised as a partnership. Countries have different laws that may ascribe different rights to the various business entities. Business can refer to a particular organization or to an entire market sector, e.g. "the music business". Compound forms such as agribusiness represent subsets of the word's broader meaning, which encompasses all activity by suppliers of goods and services. The goal is for sales to be more than expenditures resulting in a profit. Forms of business ownership vary by jurisdiction, but several common forms exist: Sole proprietorship: A sole proprietorship, also known as a sole trader, is owned by one person and operates for their benefit. The owner may operate the business alone or with other people. A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating costs or judgements against the business. All assets of the business belong to a sole proprietor, including, for example, computer infrastructure, any inventory, manufacturing equipment and/or retail fixtures, as well as any real property owned by the business. Partnership: A partnership is a business owned by two or more people. In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business. The three most prevalent types of for-profit partnerships are general partnerships, limited partnerships, and limited liability partnerships. Corporation: The owners of a corporation have limited liability and the business has a separate legal personality from its owners. Corporations can be either government-owned or privately owned. They can organize either for profit or as nonprofit organizations. A privately owned, for-profit corporation is owned by its shareholders, who elect a board of directors to direct the corporation and hire its managerial staff. A privately owned, for-profit corporation can be either privately held by a small group of individuals, or publicly held, with publicly traded shares listed on a stock exchange. Cooperative: Often referred to as a "co-op", a cooperative is a limited-liability business that can organize as for-profit or not-for-profit. A cooperative differs from a corporation in that it has members, not shareholders, and they share decision-making authority. Cooperatives are typically classified as either consumer cooperatives or worker cooperatives. Cooperatives are fundamental to the ideology of economic democracy. Limited Liability Companies (LLC), limited liability partnerships, and other specific types of business organization protect their owners or shareholders from business failure by doing business under a separate legal entity with certain legal protections. In contrast, unincorporated businesses or persons working on their own are usually not so protected.[2]

Answer 2

When we say business we quickly think of sales and trade.  It is a career aspiration for many young persons and managers.  All of us will agree that aim of a business is mainly earning profits.  The word "Business world" brings to our mind a picture of well clad beautiful executives, big money, cars, limelight, flights and ultra modern buildings and infrastructure. 

    Business is the activity of exchanging goods or services for some other goods or services, or for money, like a book shop.  Business also means the organization or economic system where trading happens, like a company.  Business could also mean the entire marketing sector., like electronics business.

    Business world is the universe of all companies that do and support business.  Business world has boomed in the last three decades.  A lot of the companies are startup companies which try to make a foray in to the main stream.  Economics and Commerce deal a lot with business principles and practices.  To become a successful business person, one has to work hard, be sincere and be dedicated.  An element of luck is involved too.

    Ethics, code of conduct for businesses is important too along with profit.  In the world of Business, there is a fierce competition, speed of activities, striving for growth and capturing of market share, spying on competitor's activities and so on.  Business wold treats time like money and treats people often like machines.  Let us also know that a business also has a social responsibility too.

   In the beginning business is a means to support life.  Later life becomes just business.  That is the impact of the business world.