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- Business is a term that refers to the activities of organizations or individuals that are involved in the production, exchange, or distribution of goods or services12. Business can be done for profit or non-profit purposes, and can take various forms such as limited liability companies, sole proprietorships, corporations, and partnerships1. Business is also a broad term that encompasses different fields such as commerce, trade, industry, and traffic2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations. Business types range from limited liability companies to sole proprietorships, corporations, and partnerships.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/business
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