Business

Business refers to the organized activity of producing, buying, selling, or providing goods or services with the aim of generating profit. It encompasses a range of activities and entities, from small sole proprietorships to large multinational corporations. The term can also signify the specific sector of the economy that involves commerce and trade, including the various functions such as marketing, finance, operations, and management. Businesses operate under different structures, including sole proprietorships, partnerships, corporations, and cooperatives, each with its own legal and tax implications. Ultimately, the core purpose of a business is to satisfy customer needs while achieving economic goals.