Question

Page
Explain the meaning to un boganisation busine
and charcterisic to unogansation business Class-
fication and types of
Anagrasalion business​

Answer 1

Answer:

What is a Business? - Definition, Characteristics & Examples

Instructor: Bethany DavisShow bio

Cite this lesson

There are different types of businesses, but one thing they all have in common is that they must provide consumers with services, products, or both. Learn the definition and characteristics of a business, and explore some real-life examples of businesses

Definition

According to well-known professors William Pride, Robert Hughes, and Jack Kapoor, business is 'the organized effort of individuals to produce and sell, for a profit, the goods and 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.

Explanation:

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