definition for: #business

An organization or enterprising entity engaged in commercial, industrial or professional activities. May for for-profit or not-for-profit. [Source: Investopedia] May also refer to discussions on everything and anything related to business and entrepreneurship.

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A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers. Forms of business ownership vary by jurisdiction, but several common forms exist: Sole proprietorship: A sole proprietorship is owned by one person and operates for profit. Partnership: A partnership is a business owned by two or more people. Corporation: The owners of a corporation have limited liability and the business has a separate legal personality from its owners. Corporations can be either government-owned or owned by individuals. They can organize either for profit or as not-for-profit organizations. Cooperative: Often referred to as a "co-op", a cooperative is a limited liability business that can organize for-profit or not-for-profit. A cooperative differs from a corporation in that it has members, not shareholders, and they share decision-making authority.

I offer this definition of The Fundamental Purpose of Business as a condition that must be satisfied to sustain viability. A business must provide customer satisfaction and a return on invested capital. More detail available: http://***