Difference between revisions of "Business"
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== Definition == | == Definition == | ||
| − | '''Business'''. An organization or economic system where goods and services are exchanged for one another or for money. | + | '''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 investment and | + | 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 Model | business models]], the blueprints of how resources, providers, clients, partners etc of the business are organized. | All businesses operate under one or more operating [[Business Model | business models]], the blueprints of how resources, providers, clients, partners etc of the business are organized. | ||
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== See Also == | == See Also == | ||
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* [[wikipedia:Business Model Canvas | Business Model Canvas]] | * [[wikipedia:Business Model Canvas | Business Model Canvas]] | ||
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[[Category:Functional Entities]] | [[Category:Functional Entities]] | ||
| − | + | [[Category:EProcurement Ontology]] | |
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Revision as of 15:35, 6 February 2024
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.
