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Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services ). [1] [2] [3] [4] It is also "any activity or enterprise entered into for profit." [5]
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
Apr 12, 2024 · business organization, an entity formed for the purpose of carrying on commercial enterprise. Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation.
Dec 16, 2020 · In simplest terms, a business entity is an organization created by an individual or individuals to conduct business, engage in a trade or partake in similar activities.
May 11, 2024 · corporation, specific legal form of organization of persons and material resources, chartered by the state, for the purpose of conducting business.
noun. us / ˈkʌm.pə.ni / uk / ˈkʌm.pə.ni / company noun (BUSINESS) Add to word list. A2 [ C ] an organization that sells goods or services in order to make money: He works for a software company/a company that makes software. I work for Duggan and Company. company policy No smoking is company policy. Fewer examples.
Oct 20, 2022 · Business strategy is the strategic initiatives a company pursues to create value for the organization and its stakeholders and gain a competitive advantage in the market. This strategy is crucial to a company's success and is needed before any goods or services are produced or delivered.
