A business is an organization or entrepreneurial entity engaged in commercial, industrial, or professional activities. The objective of a company is to organize some economic activity (of goods or services).
Key Learnings
- A business is an entrepreneurial entity inside an organization that engages in commercial, industrial, or professional activities.
- Businesses could be for-profit corporations or charitable organizations.
- Some business structures are partnerships, corporations, limited liability companies, and sole proprietorships.
- While some businesses are large operations that span several sectors globally, others operate as smaller operations in a particular industry.
- Walmart and Apple are two examples of popular, successful companies.
