Difference between revisions of "Business"
From Open Risk Manual
Wiki admin (talk | contribs) |
Wiki admin (talk | contribs) |
||
| Line 1: | Line 1: | ||
== Definition == | == Definition == | ||
| − | '''Business'''. An | + | '''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. | 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. | ||
Latest revision as of 15:38, 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.
