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- A business is an organization or enterprising entity engaged in commercial, industrial, or professional activities1. The purpose of a business is to organize some sort of economic production of goods or services1. Business may be an inclusive term but specifically designates the activities of those engaged in the purchase or sale of commodities or in related financial transactions2. There are two common abbreviations of business: bus. and biz.3.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The term business refers to an organization or enterprising entity engaged in commercial, industrial, or professional activities. The purpose of a business is to organize some sort of economic production of goods or services.www.investopedia.com/terms/b/business.aspbusiness, commerce, trade, industry, traffic mean activity concerned with the supplying and distribution of commodities. business may be an inclusive term but specifically designates the activities of those engaged in the purchase or sale of commodities or in related financial transactions.www.merriam-webster.com/dictionary/businessThere are two common abbreviations of business: bus. and biz. If you want to make either of these plural, simply add on an “s.”writingexplained.org/english-abbreviations/business - People also ask
What Is a Business? Understanding Different Types and …
The term business refers to an organization or enterprising entity engaged in commercial, industrial, or professional activities. The purpose of a business is to organize some sort of economic production of goods or services. Businesses can be for-profit entities or non-profitorganizations fulfilling a charitable … See more
The term business often refers to an entity that operates for commercial, industrial, or professional reasons. The concept begins with an idea and a name, and extensive market researchmay … See more
There are many ways to organize a business, and there are various legal and tax structures that correspond with each. Businesses are commonly classified and generally structured … See more
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