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what is a business?

what is a business?

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Theophilus’s Answer

Hey Spencer!

A business is simply an organization or activity that provides goods or services to customers in exchange for money or other value. Its main goal is often to make a profit, but some businesses also aim to serve a social or community purpose. Businesses can range from small, local shops to large global companies and can operate in various industries, such as farming, technology, entertainment or healthcare.
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Harry’s Answer

Hi Spencer. Here are some more examples of businesses, but first, here is a general definition:

A business is something (one or more people, organization) that exists to provide something (tangible or intangible) to a different person or organization, either for profit or non-profit.) Notice that this is very broad definition, as there are many types of businesses.

Now here are some (a few) examples:

Hair/nail salon
Ad agency
Ice cream parlor/Ice cream truck
Auditing company
Manufacturing company that makes components for a submarine
Research company
Hospital
Private detective agency
Private parking lot
Chicken farm
Professional baseball team
Newspaper
This Career Village

As you can see, almost anything can be a business. Essentially, it is something providing something to something.

Good luck Spencer.
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Biplab’s Answer

Hi Spencer,

A business is a registered organization that provides services, solutions, and/or other projects that provide customers value in exchange for requisite compensation. Some businesses are for-profit and seek to use profit to expand, innovate, and improve. Others are non-profit and serve a mission.

Google and other resources will provide you other context, too!

Hope this helps, and good luck!
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Anthany’s Answer

A business is any form of providing a good for a customer. This can range from anything to a major retail store such as Walmart, to something simple like a person opening an online shop on Etsy! A business doesn't even need to sell any products, services can count as a business as well such as a car cleaning service.
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Rich’s Answer

A business is an organization or entity that engages in activities to produce, buy, sell, or exchange goods or services with the goal of making a profit. Businesses can vary in size, structure, and purpose, and they play a vital role in the economy by providing jobs, generating income, and meeting the needs and desires of consumers.
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Rebecca’s Answer

Thank you for your question. I am glad to hear that you have interest in business.
Below are my suggestions:
1. There are plenty careers related to business, eg finance, accounting, banking, human resources, business administration, human resources, etc. you can find out more online
2. Find out more on these careers and determine what you have interest
3. Speak to someone who are working in these careers. Seek guidance from mentor, school career counselor, your parents, etc
4. Shortlist 1-2 careers you would like to pursue
5. Explore the entry criteria of relevant subjects in colleges
Hope this helps! Good luck!
May Almighty God bless you!
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Melanie’s Answer

Hi Spencer! I'd like to answer your question. A business is where people make, sell or provide goods or services to earn money. A business can be as simple as a lemonade stand where kids are selling lemonade and homemade cookies or a car company selling cars. The main goal of a business is to give people what they may need or want and for the business to make money. There are further explanations about different types of business, but this is a general overview that I hope helps you!
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