The exact definition of is a matter of dispute. A business
simply means an organization that supplies good and service to people who want
them. The word “Business” from the state of being busy either as a
person or an institution as a whole, carrying out a lawful and profitable
venture. A business is a legally recognized organization designed to provide
goods and service to consumer.
The term businesses widely used to denote a
particular company or a particular market segment such as “textiles or
cosmetics business”. But in a border sense the term business include all
activities in the production and distribution of business and services.
Generation of profit and financial is the driving force behind the setting up
of every business. But cooperative enterprises and state owned enterprises aim
at welfare of the society.
