A business (also known as enterprise or firm) is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company, although that term also has a more precise meaning.
The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage to mean a particular organization; the generalized usage to refer to a particular market sector, "the music business" and compound forms such as agribusiness; and the broadest meaning, which encompasses all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate and complexity of meanings.
Read more about Business: Basic Forms of Ownership, Classifications, Management, Organization and Government Regulation
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... Based at the Kingston Hill campus and incorporating the Kingston University Business School and Kingston Law School ... The Faculty of Business and Law offers undergraduate and postgraduate courses as well as executive education in the five following groupings Law ... The Business School was the first in the world to receive AMBA accreditation for its MBA, DBA and Masters in Business Management ...
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... Hyundai has invested in manufacturing plants in the North America, India, Czech Republic, Pakistan, China and Turkey as well as research and development centers in Europe, Asia, North America, and the Pacific Rim ... In 2004, Hyundai Motor Company had $57.2 billion in sales in South Korea making it the country's second largest corporation, or chaebol ...
... is a British multinational branded venture capital conglomerate company founded by business tycoon Richard Branson ... Its core business areas are travel, entertainment and lifestyle and it consists of more than 400 companies worldwide ... it as a holding company however Virgin's business and trading activities date to the 1970s ...
Famous quotes containing the word business:
“What if all the forces of society were bent upon developing [poor] children? What if society’s business were making people instead of profits? How much of their creative beauty of spirit would remain unquenched through the years? How much of this responsiveness would follow them through life?”
—Mary Heaton Vorse (1874–1966)
“In business you get what you want by giving other people what they want.”
—Alice Foote MacDougall (1867–1945)
“I only do business with the people I do business with. The people I do business with find out I do business with the people I don’t do business with.... I can’t do business with you.”
—John Guare (b. 1938)