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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.
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 .
In the business sector, business architecture is a discipline [citation needed] that "represents holistic, multidimensional business views of: capabilities, end‐to‐end value delivery, information, and organizational structure; and the relationships among these business views and strategies, products, policies, initiatives, and stakeholders."
A business line of credit (LOC) can provide financing for larger business expenses but could be more difficult to qualify for than a business credit card. An LOC offers financing for a defined ...
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.
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 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.