Question

hello

....give me definition of business

Answer 1

Business refers to the production and exchange of goods and services for the sole motive of earning profit....


HOPE ITS HELPFUL

Answer 2

An organization or economic system where goods and services are exchanged for one another or for money.Business is work relating to the production, buying, and selling of goods or services. Business is 'the organized effort of individuals to produce and sell, for a profit, the goodsand services that satisfy society's needs.' A business, then, is an organization which seeks to make a profit through individuals working toward common goals. The goals of the business will vary based on the type of business and the business strategy being used. Regardless of the preferred strategy, businesses must provide a service, product, or good that meets a need of society in some way. Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit. Businesses can be privately owned, not-for-profit or state-owned. An example of a corporate business isPepsiCo, while a mom-and-pop catering business is aprivate enterprise.