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busi·ness
/ˈbiznəs/noun
- 1. a person's regular occupation, profession, or trade: "she had to do a lot of smiling in her business" Similar
- 2. the practice of making one's living by engaging in commerce: "the jewelry business" Similar
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Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). [1] [2] [3] [4] It is also "any activity or enterprise entered into for profit."
Business administration. A business process, business method, or business function is a collection of related, structured activities or tasks performed by people or equipment in which a specific sequence produces a service or product (that serves a particular business goal) for a particular customer or customers.
In economics, the business sector or corporate sector - sometimes popularly called simply "business" - is "the part of the economy made up by companies". [1] [ need quotation to verify ] [2] It is a subset of the domestic economy , [3] excluding the economic activities of general government , private households, and non-profit organizations ...
Electronic business (also known as online business or e-business) is any kind of business or commercial transaction that includes sharing information across the internet. Commerce constitutes the exchange of products and services between businesses, groups, and individuals and can be seen as one of the essential activities of any business.
A business model describes how an organization creates, delivers, and captures value, [2] in economic, social, cultural or other contexts. For a business, it describes the specific way in which it conducts itself, spends, and earns money in a way that generates profit.
Business studies, often simply called business, is a field of study that deals with the principles of business, management, and economics. It combines elements of accountancy , finance , marketing , organizational studies , human resource management , and operations .