business

Definition

An organization or economic system where goods and services are exchanged for one another or for money.

Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.

Businesses can be privately owned, not-for-profit or state-owned. An example of a corporate business is PepsiCo, while a mom-and-pop catering business is a private enterprise.

Use "business" in a Sentence

Articles of Interest

Types of Small Business Loans
Types of Small Business Loans

Acquiring financing to grow your small business can be a challenge, but is achievable if you plan ah...

Read Full Article
What Motivates Entrepreneurs?
What Motivates Entrepreneurs?

Some entrepreneurs continuously struggle to bring a single idea or product to market while others se...

Read Full Article
Projected Growth Industries for the 21st Century
Projected Growth Industries for the 21st Century

As investors, business owners or entrepreneurs, it’s important to understand the shifting sands of...

Read Full Article
Keeping an Eye on Your Competitors
Keeping an Eye on Your Competitors

It is said that “imitation is the sincerest form of flattery”, but in the world of business, imi...

Read Full Article
Valuation Metrics for Small Businesses
Valuation Metrics for Small Businesses

Selling a business can be a hard decision for entrepreneurs, both emotionally and financially. The s...

Read Full Article
Importance of Developing Leadership Skills
Importance of Developing Leadership Skills

What makes a good leader? The answer varies widely depending on who you ask, with researchers disagr...

Read Full Article

Related Videos


Share and Reference This Definition