Whatisbusiness.pptVIP

What is 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 (e.g. NGO) or state-owned(SOEs). An example of a corporate business is?PepsiCo, while a mom-and-pop catering business is a?private enterprise. Read more:? /definition/business.html#ixzz3EZ3v79x8 Business is the human activity related to material things. It is