Business
rik short note
Answers
Answer:
Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services).[need quotation to verify][ Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.
Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates. A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner.
Explanation:
mark me brainliest please!!!!!!
Answer and Explanation:
A business is an organization where people work together. In a business, people work to make and sell products or services. Other people buy the products and services. The business owner is the person who hires people for work. A business can earn a profit for the products and services it offers. The word business comes from the word busy, and means doing things.It works on regular basis.
Originally, individual trades people were qualified, and they hired assistants. The invention of the joint-stock company meant a new era in business. By this means, some people put up the money as capital, and others used it to run the business. There is a law which says this kind of company is a "legal entity": it has a legal life separate from its owners or shareholders. In this way, a company can outlive the people who started it. This idea was invented in medieval times, but really flowered in the 19th century. It has spread around the world since then.
Most businesses are created for commerce. There are big and small businesses. For example, one person can open a small barber-shop. A big business, like Microsoft, employs thousands of people all over the world.
Some businesses need fixed locations. Examples are an office, store, or farm. For some businesses the worker goes to different locations. Examples are carpenters or electricians. They usually bring everything they need for work in their truck.
Business can also mean the work or current state of a business. A business owner might say: "I am doing a lot of business" or "My business is good" or "Business is bad".
hope my answer was helpful to u