Business
An organization or entity that produces and distributes goods or services.
The definition is deliberately wide. Size, premises, employee count, and legal paperwork are not part of it, so scale never decides whether something counts as a business.
Often confused with
- Nonprofit Organization
- A business may pay its profit out to owners, while a nonprofit must reinvest any surplus in the organization.
Taught in
See also
1.1.A.1