-->
1. “Business is an institution which produces goods and services demanded by people”. It means business is an institution that produce goods and services needed by society. If the demand is increased, the producer also will increase production."
2. “Business is an organization that provides goods or services in order to earn profit”. With this definition, business activity through the provision of goods and services aim to generate profit. A institution is produce profit when “total revenues” in a period is higher than the “total cost” in the same period. Profit is the main feature of business activity, so that the profit can be expand."
3. ”An activity that meets the needs and desires of the community economic and organized a company to engage in such activities.”
4. “Business is all those activities involved in providing the goods and services needed or desired by people”. It means a business activities called that activities ,which provide goods or services required and desired by persons of our society ."
5. "A business is an organization or enterprising entity engaged in commercial, industrial or professional activities. A company transacts business activities through the production of a good, offering of a service or retailing of already manufactured products. A business can be a for-profit entity or a nonprofit organization that operates to fulfill a charitable mission."
6. "An organization that produces or distributes a good or service for profit is called a business"
7. "An organization or economic system where goods and services are exchanged for one another or for money."
No comments