What is The Business?? ~ TURN ON YOUR LIFE

Wednesday, May 30, 2012

What is The Business??

In economics, business is an organization that sells goods or services to consumers or other businesses, to make a profit. Historically the business of the English word business, busy from the word which means "busy" in the context of individual, community, or society. In a sense, busy with activity and profitable work.

In a capitalist economy, where most businesses are owned by private parties, business set up to make a profit and increase the prosperity of their owners. Owner and operator of a business get rewarded according to the time, effort, or capital they provide. But not all businesses pursue this advantage, such as business co-operative that aims to improve the welfare of all members or a government institution that aims to improve people's welfare. This business model contrasts with the socialistic system, where big business is owned mostly by the government, the public, or a union.

Etymologically, the business means the situation where a person or group of people busy doing the job that generates profits. The word "business" itself has three uses, depending skupnya - use of the singular word can refer to business entities, namely the unity of the juridical (legal), technical, and economic aims for profit or gain. Wider usage can refer to a particular market sector, such as "television business." The most widespread usage refers to all activities undertaken by community providers of goods and services. However, the definition of "business" the right is still a matter of debate to this day.

Basic forms of business ownership

Although forms of business ownership is different in every country, there are some forms that are considered common:
Individual companies: private companies is a business whose ownership is held by one person. Owner of a proprietorship has unlimited liability for corporate assets. That is, if the business suffered a loss, the owner who had to bear all the losses.

Guild: The Guild is a form of business in which two or more people work together to operate the company to earn profit. Just as a proprietorship, each partner (union members) have unlimited liability on company property. Fellowship can be grouped into limited partnership and partnership firms.
Company: The Company is a business whose ownership is held by some people and supervised by a board of directors. Each owner has limited liability for corporate assets.

Cooperative: is a business which consists of persons or legal entities with the bases of cooperative activities based on the principle of cooperation as well as a popular economic movement based on the principle of kinship. Cooperative aims to improve the life of its members. The main characteristics that distinguish cooperative with other business entities are members of cooperatives have a dual identity. Dual identity means a member of the cooperative is the owner and user of services of the cooperative.


Business consists of various types, and, as a result, businesses can be grouped in different ways. One of the many ways you can use is to classify a business based on the activities done in making a profit.

Manufacturing is a business that manufactures products derived from raw materials or components, and then sold for profit. Examples are manufacturing companies that produce physical goods such as cars or pipes.

Business Services is a business that produces intangible goods, and earn a profit by charging for services they provide. Examples of service businesses is a consultant and psychologist.

Retailers and distributors are those who act as intermediaries between producers and consumers. Most shops and consumer-oriented companies are distributors or retailers. See also: Franchising
Agriculture and mining business is a business that produces raw materials, such as plants or minerals.

Financial business is business benefit from investment and capital management.
Business information is the business of making profits mainly from the turnover-back intellectual property (property intelellectual).

Utilities are businesses that operate services to the public, such as electricity and water, and are usually funded by the government.
Business real estate is a business that generates profits by selling, renting, and property development, houses, and buildings.

Bus transportation is a business advantage by delivering goods or people from a location to another.


The study, studying business operations efficiently and effectively called by management. The main branches of management are financial management, marketing management, human resource management, strategic management, operations management, production management, information technology, and business intelligence.

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