Business
hideA business (also called a firm or an enterprise) is a legally recognized organization designed to provide goods and/or services to consumers. Businesses are predominant in capitalist economies, most being privately owned and formed to earn profit that will increase the wealth of its owners and grow the business itself. The owners and operators of a business have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk. Notable exceptions include cooperative enterprises and state-owned enterprises. Socialist systems involve either government agencies, public ownership, state-ownership or direct worker ownership of enterprises and assets that would be run as businesses in a capitalist economy. The distinction between these institutions and a business is that socialist institutions often have alternative or additional goals aside from maximizing or turning a profit.
The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage (above) to mean a particular company or corporation, the generalized usage to refer to a particular market sector, such as "the music business" and compound forms such as agribusiness, or the broadest meaning to include all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate.
Business Studies, the study of the management of individuals to maintain collective productivity to accomplish particular creative and productive goals (usually to generate profit), is taught as an academic subject in many schools.
For more information about Business, read the full article at
Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.
News tagged with business
Lenovo buying back mobile phone business
Nov 27, 2009 |
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(AP) -- Personal computer maker Lenovo Group said Friday it is joining the race to develop products that link phones and PCs by buying back a mobile phone business that it sold last year.
Message gone viral? Blame it on altruistic, yet image-conscious Internet 'e-mavens'
Nov 26, 2009 |
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(PhysOrg.com) -- Why do some online ad campaigns go viral while other online marketing messages gather "cyber-dust" on the information superhighway? The key may lie in the motivation of Internet users to email ...
News Corp, Microsoft hold talks on Google: report
Nov 23, 2009 |
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Microsoft has held talks with Rupert Murdoch's News Corp over a possible plan for the software giant to pay the media company to remove its news websites from Google, a report said Monday.
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Signal fading on radio traffic reports
Nov 27, 2009 |
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(AP) -- For more than 20 years, Mike Nolan was known to radio listeners as the "eye in the sky." He flew over Southern California freeways in his single-engine plane, reporting on the nation's worst traffic.
Space shuttle Atlantis, 7 astronauts back on Earth
Space & Earth / Space Exploration
Nov 27, 2009 |
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(AP) -- Space shuttle Atlantis and its seven astronauts returned to Earth with a smooth touchdown Friday to end an 11-day flight that resupplied the International Space Station.
Food banks go high-tech to feed the hungry
Nov 27, 2009 |
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(AP) -- Food banks across the country are undergoing a high-tech revolution, adopting sophisticated databases, bar coding, GPS tracking, automated warehouses and other technologies used in the food industry ...
New climate targets may not change daily life much
Nov 27, 2009 |
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(AP) -- Americans' day-to-day lives won't change noticeably if President Barack Obama achieves his newly announced goal of slashing carbon dioxide pollution by one-sixth in the next decade, experts say.
Apple's iPhone set to make splash in South Korea
Nov 27, 2009 |
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(AP) -- The iPhone's arrival in South Korea is generating considerable buzz among consumers and industry watchers amid expectations it will shake up a market dominated by world-beating domestic manufacturers.
Gadgets: Card reader helps you shop safer online
Electronics / Consumer & Gadgets
Nov 26, 2009 |
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NetSecure Technologies SmartSwipe credit card reader is a new device to help Internet shoppers or small business owners.
Tips to keep iPhone battery going strong
Electronics / Consumer & Gadgets
Nov 26, 2009 |
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In talking with my iPhone-using friends, we often seem to bring up how to squeeze the most life from the iPhone's "nonreplaceable" battery.
Sony optimistic on 3-D TVs, in-house display
Nov 26, 2009 |
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(AP) -- A third to a half of the Sony Corp. TV sets sold annually will be packed with 3-D features by the year ending March 2013, a senior executive said Thursday.
Web sites aim to survive with hyperlocal focus
Nov 25, 2009 |
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Finding a financially viable way to provide local news is a challenge large metropolitan newspapers are confronting. But a Coral Gables, Fla., Web site is among a few locally with faith it can succeed.
Should I buy a PC or Mac?
Nov 25, 2009 |
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Q. Our 6-year-old PC computer is dying a slow death and we are considering moving to a new iMac but have a few concerns. First, of all, we have several Word documents on our disk drive now that we want to keep and add to ...
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