Search Dictionary

Definition of 'Business'

A business is an organization or entity that provides goods or services in exchange for money. Businesses can be for-profit or nonprofit, and they can range in size from small sole proprietorships to large multinational corporations.

The goal of any business is to make a profit, but there are many other factors that contribute to a successful business, including customer satisfaction, employee satisfaction, and social responsibility.

There are many different types of businesses, each with its own unique set of challenges and opportunities. Some of the most common types of businesses include retail stores, restaurants, manufacturing companies, and service businesses.

Starting a business can be a daunting task, but it can also be very rewarding. If you are considering starting your own business, there are a number of resources available to help you get started, including the Small Business Administration (SBA).

Here are some of the key aspects of a business:

* **Products and services:** A business must offer products or services that customers want or need.
* **Customers:** A business must have customers who are willing to pay for its products or services.
* **Employees:** A business must have employees who are able to provide the products or services that customers want or need.
* **Finances:** A business must have enough money to cover its expenses and make a profit.
* **Management:** A business must have effective management in order to run smoothly and efficiently.

Businesses play an important role in the economy by providing goods and services that people need and want. They also create jobs and contribute to economic growth.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.