What do you understand by the term "Business"?

[rubesh]

What is the concept of business?
Business is the activity of making money by producing or buying and selling goods or services. It is a commercial activity that involves buying, making, selling and exchanging goods or services with the aim of making a profit. Businesses range from small one-person operations to large multinational corporations.

What are the different types of businesses? The different types of businesses include sole proprietorship, partnership, limited partnership, limited liability company, corporation, and cooperative. Each type of business has its own advantages and disadvantages, so businesses should carefully consider the type of business they want to form.

What are the benefits of having a business?
The benefits of having a business include being able to control your own destiny, having the potential to make more money than you would otherwise, and having the chance to build something from the ground up. Additionally, having a business can give you more freedom and control over your life and your finances.

 

[cherry123]

Business is the act of buying and selling both products or services. If one can't find a befitting job it is better to start a business to earn

 

[Stardom22]

Business is the buying and selling of goods and services with the aim of making a profit.

 

[Shavkat]

Personally speaking, business is a form of selling and buying tangible things in the market. It can also in a form of offering services.

 

[relcap23]

Basically business is an activity, an interaction between 2 or more individuals to gain something.

 

[eldavis]

Business can be defined as a body or entity that carry out commercial and industrial activities with the main goal of rendering services to people or potential customers in exchange for money

 

[jaymanuel]

Business is the practice of buying and selling of goods and services for the objective of making profits. However one can engage on the activity of doing different types of businesses.

 

[uptrendfinancialsignal]

Business entails buying and selling and it is also all about making profit.

 

[LoukiaCharilaou]

Business is when you sell or buy products and services so as to make a profit.

 

[Reedex]

Business is profiting from buying and selling of commodities or offering services.

 

[jaymanuel]

It involves buying and selling of goods or services for goods or services with the aim of making profit.For a business to survive their must be a market for the goods or services.

 

[jetsaints30]

To me "BUSINESS" means any action or industry that involves the exchange of goods or services for money with the goal of making a profit.