Business
Business is an organisation or economic system where goods and services are exchanged it for one another or for a money. Every business requires some form of investment and customers to whom its output can be sold on a consistent basis in order to make a profits.
Business is an economic system or organisation where goods and services are exchanged it for one another or for a money.
Every business requires some form of investment and customers to whom its output can be sold on a consistent basis in order to make a profits.
Business can be privately owned, not-for-profit or state-owned. An example of corporate business is PepsiCo, while a mom-and-pop catering business is private enterprise.
It can be for profit entities or for non-profit organizations that operate to fulfill a charitable mission or further a social cause.
Business organizations come in different types and in different forms of ownership..
3 Types of Business
There are three major types of businesses:
1. Service Business
2. Merchandising Business
3. Manufacturing Business
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