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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 ...
Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. It is a subset of the fields of business, commerce and organizational theory. Business development is the creation of long-term value for an organization from customers, markets, and relationships.
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.
A reduction in business inventories took off an nearly half a percentage point. Consumer spending, which fuels about 70% of economic growth, rose at a 2% annual rate, down from 2.5% in the first ...
Business economics is based on microeconomics in two categories: positive and negative. Business economics focuses on the economic issues and problems related to business organization, management, and strategy.
International business refers to the trade of Goods and service goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries. Transactions of economic resources include capital, skills, and people ...
A business idea is a concept envisioned by individuals or teams that can be monetized through the delivery of products or services. Serving as the foundation for entrepreneurial ventures, a robust business idea is essential for the development and success of new enterprises.
A business plan is a formal written document containing the goals of a business, the methods for attaining those goals, and the time-frame for the achievement of the goals.