Question

What is the importance of business organization wekipedia?

Answer 1

A business (also known as an enterprise, a company, or a firm) is an organizational entity and legal entitymade up of an association of people, be they natural, legal, or a mixture of both who share a common purpose and unite in order to focus their various talentsand organize their collectively available skills or resources to achieve specific declared goals and are involved in the provision of goods and services to consumers.A business can also be described as an organization that provides goods and services for human needs.
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Answer 2

Business organization, an entity formed for the purpose of carrying on commercial enterprise.

Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation.

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