A business (also called a company, enterprise or firm) is a legally recognized organization An organization is a social arrangement which pursues collective goals, controls its own performance, and has a boundary separating it from its environment. The word itself is derived from the Greek word ὄργανον (organon [itself derived from the better-known word ἔργον ergon - work; deed - > ergonomics, etc]) meaning tool designed to provide goods In macroeconomics and accounting, a good is contrasted with a service. In this sense, a good is defined as a physical product, capable of being delivered to a purchaser and involves the transfer of ownership from seller to customer, say an apple, as opposed to an (intangible) service, say a haircut. A more general term that preserves the and/or services A service is the non-ownership equivalent of a good. Service provision has been defined as an economic activity that does not result in ownership and is claimed to be a process that creates benefits by facilitating either a change in customers, a change in their physical possessions, or a change in their intangible assets to consumers Consumer is a broad label for any individuals or households that use goods and services generated within the economy. The concept of a consumer is used in different contexts, so that the usage and significance of the term may vary.[1] Businesses are predominant in capitalist Capitalism is an economic and social system in which capital, the non-labor factors of production , is privately controlled;[citation needed] labor, goods and capital are traded in markets; and profits distributed to owners or invested in technologies and industries economies An economy is the ways in which people use their environment to meet their material needs. It is the realized economic system of a country or other area. It includes the production, exchange, distribution, and consumption of goods and services of that area. The study of different types and examples of economies is the subject of economic systems, most being privately owned Private property is the tangible and intangible things owned by individuals or firms over which their owners have exclusive and absolute legal rights, and can only be transferred with the owner's consent. Private property can take the form of real estate, homes, factories, automobiles, capital, patents and copyrights. It is distinguished from and formed to earn profit In neoclassical economics, economic profit is the difference between a firm's total revenue and its opportunity costs. In classical economics profit is the return to the employer of capital stock in any productive pursuit involving labor. These two definitions are actually the same. In both instances economic profit is the return to an that will increase the wealth Wealth is an abundance of valuable resources or material possessions. The word is derived from the old English wela, which is from an Indo-European word stem. An individual, community, region or country that has an abundance of such possessions or resources is called wealthy 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 When the return on capital is greater than the cost of capital , the company is creating value; when it is less than the cost of capital, value is destroyed in exchange for work Work or Work Package in project management is the amount of effort applied to produce a deliverable or to accomplish a task or a group of related tasks defined at the same level in the WBS and acceptance of risk Risk concerns the expected value of one or more results of one or more future events. Technically, the value of those results may be positive or negative. However, general usage tends focus only on potential harm that may arise from a future event, which may accrue either from incurring a cost or by failing to attain some benefit ("upside. Notable exceptions include cooperative A cooperative is defined by the International Co-operative Alliance's Statement on the Co-operative Identity as an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise. It is a business organization owned and enterprises and state-owned enterprises A government-owned corporation, state-owned enterprise, or government business enterprise is a legal entity created by a government to undertake commercial activities on behalf of an owner government, and are usually considered to be an element or part of the state. There is no standard definition of a government-owned corporation or state-owned. Businesses can also be formed not-for-profit A nonprofit organization is an organization that does not distribute its surplus funds to owners or shareholders, but instead uses them to help pursue its goals . Examples of NPOs include charities (i.e. charitable organizations) , trade unions, and public arts organizations. Most governments and government agencies meet this definition, but in or be state-owned A government-owned corporation, state-owned enterprise, or government business enterprise is a legal entity created by a government to undertake commercial activities on behalf of an owner government, and are usually considered to be an element or part of the state. There is no standard definition of a government-owned corporation or state-owned.
The etymology For languages with a long written history, etymologists make use of texts in these languages, and texts about the languages, to gather knowledge about how words were used at earlier stages, and when they entered the languages in question. Etymologists also apply the methods of comparative linguistics to reconstruct information about languages that 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 In the United States, a company is a corporation—or, less commonly, an association, partnership, or union—that carries on an industrial enterprise." Generally, a company may be a "corporation, partnership, association, joint-stock company, trust, fund, or organized group of persons, whether incorporated or not, and any receiver, or corporation A corporation is an institution that is granted a charter recognizing it as a separate legal entity having its own rights, privileges, and liabilities distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business, the generalized usage to refer to a particular market sector The term market sector is used in economics and finance to describe a set of businesses that are buying and selling such similar goods and services that they are in direct competition with each other. Analysts divide the stock market itself into market sectors so that shares of companies that are in direct competition are listed alongside each, such as "the music business" and compound forms such as agribusiness In agriculture, agribusiness is a generic term for the various businesses involved in food production, including farming and contract farming, seed supply, agrichemicals, farm machinery, wholesale and distribution, processing, marketing, and retail sales. The term has two distinctly different connotations depending on context, 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 The philosophy of business considers the fundamental principles that underlie the formation and operation of a business enterprise; the nature and purpose of a business, for example, is it primarily property or a social institution; its role in society; and the moral obligations that pertain to it. The subject is important to business and, is a matter of debate.
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Boston Globe
With his new job as head of the nation's largest bank, Brian Moynihan would seem to have the weight of the US economy on his shoulders. ...
Moynihan Gets Top BofA Spot After Four Jobs in a Year Bloomberg
Last Days of BofA's Hunt For a CEO: Pay, Politics Wall Street Journal
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Brockblake com Kent Thomas CFO Solutions put together an interesting article called 10 Tips for Recession Proofing your Business Kent provides a much needed out sourced financial
Ken Longbridge
Sun, 20 Dec 2009 08:33:58 GM
What is entrepreneurialism? Have you ever thought how entrepreneurs get where they are? Did starting up a . business. ever crossed your mind? If you have an.
