Business

Definition

Business. An Organization or Economic System where goods and services are exchanged for one another or for money. A private law company registered in a national registry.

Every business requires some form of capital investment and 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.

All businesses operate under one or more operating business models, the blueprints of how resources, providers, clients, partners etc of the business are organized.

See Also

• http://www.businessdictionary.com/definition/business.html
• Business Model Canvas