"Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also 'any activity or enterprise entered into for profit.'"
Business refers to the organized efforts and activities of individuals or organizations aimed at producing, buying, and selling goods or services to achieve financial gain.
Business models: How companies make money and generate revenue.
Marketing (business): How companies promote and sell their products or services.
Management (business): The art of overseeing and coordinating the work of others to achieve organizational goals.
Operations management: Focus on the production process of goods and services.
Economics: The study of how individuals, groups, and societies choose to allocate and manage resources.
Entrepreneurship: The process of starting and growing a business venture.
Human resources (business): The management of employees and workforce organization.
Business innovation and creativity: Thinking outside of the box to create value-added products or services.
Business ethics: Principles and values that shape ethical decision-making in business.
Strategic planning (business): The process of defining an organization's direction and making decisions on allocating resources to pursue that direction.
Risk management (business): The identification, assessment, and mitigation of potential risks to an organization.
Supply chain management: The coordination and management of the flow of goods and services from suppliers to customers.
Leadership in Business: The ability to inspire others to work towards a common goal.
Legal and regulatory requirements in business: Understanding the laws and regulations that impact business operations and decision-making.
Information technology in business: The use of technology to manage and process business operations.
Sales: Effectively communicating and selling products or services to customers.
Customer service: Providing exceptional customer experience and managing customer relationships.
Corporate social responsibility: A company's commitment to act ethically and contribute positively to society and the environment.
Industry-specific knowledge: Understanding the unique aspects of a particular industry and its trends and challenges.
Human Resource Management: Study of managing employees and ensuring their well-being.
Accounting: Study of financial transactions and records; includes financial reporting and analysis.
Finance: Study of financial markets and decisions; includes investment banking and corporate finance.
International business: Focus on business operations across national borders.
Organizational behavior: Focus on understanding the behavior of individuals within organizations.
Business law: Focus on legal responsibilities and obligations in business practices.
Business analytics: Focus on the use of data and information for business decision-making.
Corporate social responsibility: Study of ethical and social responsibility in business practices.
Project management: Focus on managing and completing a project within a specific timeframe and budget.
Sole proprietorship (business): A type of business owned and controlled by one individual. The owner is responsible for all the debts, obligations, and risks of the business.
Partnership (business): A type of business that involves two or more people who share ownership and control over the business.
Limited Liability Company: A type of business that combines the benefits of a corporation with those of a partnership. Owners have limited liability, but the business is taxed like a partnership.
Corporation: A legal entity that is separate from its owners. The corporation can sue and be sued, own property, and pay taxes.
Nonprofit Business: A type of business that exists to serve a societal or charitable purpose rather than to make a profit.
Cooperative (business): A type of business that is owned and controlled by its members, who share the profits and benefits according to their level of participation.
Franchise (business): A type of business that involves a franchisee purchasing the right to use a parent company’s name, products, and services.
Home-based business: A type of business that operates from the owner’s home or other residential location.
Online business: A type of business that operates exclusively or primarily via the internet.
Social enterprise: A type of business that aims to achieve financial success while also effecting positive societal change.
"Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business."
"If the business acquires debts, the creditors can go after the owner's personal possessions."
"The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business."
"The term is also often used colloquially to refer to a company, such as a corporation or cooperative."
"Corporations, in contrast with sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being subject to corporate tax rates."
"A corporation is more complicated and expensive to set up, but offers more protection and benefits for the owners/members."
"A business name does not separate the business entity from the owner."
"The owner of the business is responsible and liable for debts incurred by the business."
"The creditors can go after the owner's personal possessions."
"A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business."
"The term is also often used colloquially [...] to refer to a company, such as a corporation or cooperative."
"A corporation is more complicated and expensive to set up, but offers more protection and benefits for the owners/members."
"Business is the practice of making one's living or making money by producing or buying and selling products."
"Having a business name does not separate the business entity from the owner."
"If the business acquires debts, the creditors can go after the owner's personal possessions."
"Corporations [...] are a separate legal entity and provide limited liability for their owners/members."
"The proprietor is personally taxed on all income from the business."
"It is also 'any activity or enterprise entered into for profit.'"
"A corporation is more complicated and expensive to set up."