What is Business?

What is Business?

The term Business typically refers to the development and processing of economic values in society. It can be privately owned, not-for-profit or state-owned. Normally we use the term to apply to the private (nongovernment) portion of the economy whose primary purpose is to provide goods & services for society in an effective manner, but lines of distinction are getting hazy as business and government overlap their function in the organization, such use Communicators Satellite Corporation.

Other words, Business is a term applied to economic and commercial activities of institutions having other purposes, Such as the business office or an opera association.

For-profit businesses sell products or services to create returns and income. Achievement depends on the capability to grow more in profits than is spent on fixed and variable expenses. Nonprofit businesses have to take in sufficient returns to pay employees and cover the costs to govern or maintain programs. Any money they have left over after expenses is put reverse into the organization.

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