A business (also known as enterprise or firm) is an organization involved 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 Firm: Basic Forms of Ownership, Classifications, Management, Organization and Government Regulation
Other articles related to "firm, firms":
... See also Corporate Social Entrepreneurship intrapreneurship within the firm which is driven to produce social capital in addition to economic capital.) Employees ...
... architecture, planning and design firm with offices in Beijing, Boston, Columbus, Dubai, London, Los Angeles, New York, San Francisco, Seattle, and Shanghai ... The firm is involved in multiple markets and building types including civic, corporate, commercial, healthcare, higher education, science, sports, and transportation ... The firm accepted the Architecture 2030 Challenge, a global initiative stating that all new buildings and major renovations reduce their fossil-fuel GHG-emitting consumption by 50% by 2010 ...
... circumstances, the marketing unit of a service firm has to understand the psyche of the potential buyers and find out the prime reason for the rejection of the service ... The service firm has to come up with an appropriate strategy to remove the misunderstandings of the potential buyers ... The marketing unit of the firm should focus on promotional campaigns and communicating reasons for potential customers to use the firm's services ...
... The international law firm of Fulbright Jaworski L.L.P ... is one of the largest law firms in the United States with nearly 1,000 attorneys in over 50 practice areas ... The firm was founded in Houston in 1919 by R ...
... Greenberg Traurig, PA) is an international law firm headquartered in Miami, United States ... The firm was founded in Miami in 1967 by Lawrence Hoffman, Mel Greenberg and Robert Traurig ... the firm operates as Greenberg Traurig Maher LLP ...
Famous quotes containing the word firm:
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—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
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