Business

Definition of Business

Business is an organizational term in which enterprise entity engaged in commercial and industrial or professional activities. There are two kinds of business existence, and one is for-profit making entity, for example, publicly traded corporation and another one is non-profit organization engaged in business activities, like agricultural cooperative.

Business is based on economical capital, mostly owned by private sectors provide goods and services in exchange for the other goods or money.

Books on Business

Book 1:

Essentials of Business Communication By Mary Ellen Guffey, Dana Loewy (published by Cengage Learning, 2012)

Book 2:

Business Networking: Shaping Collaboration Between Enterprises; with 40 Tables By Elgar Fleisch, Rainer Alt (published by Springer Science & Business Media, 2001)

How Business works?

• Examples of business are everywhere, from a family restaurant to a multinational conglomerate such as General Electric.

• The term ‘Do business’ is used where a business is engaged some transaction or exchange of value with other company.

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