Business

What is Business?

Business refers to any organization or entity engaged in commercial, industrial, or professional activities to make a profit.

It involves producing goods or offering services to meet the needs and wants of customers in exchange for monetary compensation.

Businesses can vary in size and structure, ranging from small sole proprietorships to large multinational corporations, and operate in diverse industries such as retail, manufacturing, finance, and technology.

The primary goal of a business is to generate revenue by providing value to customers while managing resources efficiently to ensure profitability and sustainability.

An example of a business is a local bakery that sells freshly baked goods to customers in the community, earning income by satisfying their cravings for delicious pastries and bread.