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What is business?

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Home Tutor for Classes 6th-12th n BBA

An organization or economic system where goods and services are exchanged for one another or for money.
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MBA(HR & MARKETING)

Human beings are continuously engaged in some activity or other in order to satisfy their unlimited wants. Every day we come across the word 'business' or 'businessman' directly or indirectly. Business has become essential part of modern world.Business is an economic activity, which is related with continuous...
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Human beings are continuously engaged in some activity or other in order to satisfy their unlimited wants. Every day we come across the word 'business' or 'businessman' directly or indirectly. Business has become essential part of modern world.Business is an economic activity, which is related with continuous and regular production and distribution of goods and services for satisfying human wants. All of us need food, clothing and shelter. We also have many other household requirements to be satisfied in our daily lives. We met these requirements from the shopkeeper. The shopkeeper gets from wholesaler. The wholesaler gets from manufacturers. The shopkeeper, the wholesaler, the manufacturer are doing business and therefore they are called as Businessman.Stephenson defines business as, "The regular production or purchase and sale of goods undertaken with an objective of earning profit and acquiring wealth through the satisfaction of human wants." According to Dicksee, "Business refers to a form of activity conducted with an objective of earning profits for the benefit of those on whose behalf the activity is conducted." Lewis Henry defines business as, "Human activity directed towards producing or acquiring wealth through buying and selling of goods." Thus, the term business means continuous production and distribution of goods and services with the aim of earning profits under uncertain market conditions. read less
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Business refers to those transactions where goods and services are transfered from one person to another with some consideration.
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Trainer

Business is an economic market, where buying and selling of goods happens in the motto of profitability
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BBA Tutor in Somalwada,Manish Nagar,Wardha Road.

Business could be defined as an economic activity performed with the soul motive of earning profit.It involves a methodological process of usage of land,labour and capital and convert it into a product/service which can be provided to the customers against some money.
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A Business is a person's regular occupation, profession, or trade. Its a commercial activity.
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A business is an organization or enterprising entity engaged in commercial, industrial or professional activities. A business can be a for-profit entity, such as a publicly-traded corporation, or a non-profit organization engaged in business activities, such as an agricultural cooperative.
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Assistant professor

Business is an economic activity as it is concerned with earning money and acquiring wealth.Business encompasses all activities invovlved in the production and sale of goods and services for profit.
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MBA Finance, Banking Domain expert

Business in simple terms an activity where man, materials, and machine are engaged in production of goods or services which inturn results in revenue generation and leads to further investment to keep the cycle running is called business.
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Tutor

“Business is a human activity directed towards producing or acquiring wealth through buying and selling of goods.”
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