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
FTC explores future of journalism in Internet age
Dec 01, 2009 |
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(AP) -- The federal government is wading into deliberations over the future of journalism.
Manufacturing, reinvented
Dec 01, 2009 |
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(PhysOrg.com) -- European researchers have created the architecture, hardware and software that will enable super-agile distributed corporations capable of reconfiguring themselves on the fly. It promises to make 'made-to-order' ...
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Sony to enter car battery market: Stringer
Dec 03, 2009 |
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Sony Corp. will tap the rechargeable car battery market amid a growing focus on electric cars and green auto technology, chief executive Howard Stringer said Thursday.
Google to let publishers limit free website access (Update)
Dec 02, 2009 |
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Google, under fire from Rupert Murdoch and some other newspaper owners, said it will let publishers set a limit on the number of articles people can read for free through its search engine.
Sprint to stop selling certain push-to-talk phones
Nov 30, 2009 |
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(AP) -- Sprint Nextel Corp. is giving up on a technology that allows some Sprint-branded phones to use a "push-to-talk" walkie-talkie service similar to what's available on the company's Nextel-branded phones.
Fishing the online stream
Dec 04, 2009 |
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On West Lancaster Avenue in Wayne, Pa., local businessman Robert Lail runs what he calls "YouTube for business."
FCC asks Verizon Wireless to explain fees
Dec 04, 2009 |
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(AP) -- The Federal Communications Commission on Friday asked Verizon Wireless why it recently doubled the fees it charges customers when they break their contracts on "smart" phones.
Small companies add value by sharing commercial information
Dec 03, 2009 |
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(PhysOrg.com) -- Small companies prepared to share commercially sensitive information can add value and develop new services for their customers, using a distributed track-and-trace software solution.
Recalls, food worries spark booming business in food safety
Dec 02, 2009 |
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Recalls of ground beef, peanut butter, and other foods have done more than raise public awareness and concern about food safety. They also are quietly fueling a boom in the market for food testing equipment ...
Maryland Farmer grows plants for green roofs around nation
Dec 02, 2009 |
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It is a crisp fall day on Emory Knoll Farms as John Shepley stops at a raspberry bush, picks a few berries and pops them into his mouth on his walk to the greenhouses.
Doulas may indicate failings in patient care, warns doctor
Dec 02, 2009 |
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The presence of doulas (paid birth assistants) during labour may alter the doctor-patient dynamic and can compromise communication and therefore patient care, warns a doctor in the British Medical Journal today.
Comcast-NBC deal shows future is in content
Dec 04, 2009 |
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(AP) -- Comcast Corp. is buying control of NBC Universal from GE largely because Comcast wants to own more movies and TV shows. The point is to give it a position of strength if fewer people sign up for its ...
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