Business is one of the most popular and oldest activity of mankind. In general term business can be defined as a company, partnership or corporation used to sell, produce and distribute goods and services to customers for making money. In the Business term it’s a system in which goods and services are produced, distribute and exchanged for money, on the basis of their predefined value. Company or corporation, goods, services, money, investment and customers are the backbone of the business.
In the modern days Business belongs to all financial and economical activities. The basic purpose of business is to produce and distribute goods and services to consumers to generate profits. The base of the business is to make profit to grow the business.
Features of Business
Below are the basic features which effect the operation of a business –
* Any body can operate the business. All business claims should bear by the operating people.
* In the business term ‘Company’ is treated like a real person. All claims should be goes against the company.
* Each country has the different laws for business.
* Business main motto is make profits to grow business.
Types of Business
In the business zone we can find the many types of business. The main categories of business are –
* Mining Business
Provides the raw materials like minerals for other business.
* Agriculture Business
Gives the raw materials supply to other business.
* Financial Business
Makes money by providing the services like Banks, financial institute etc.
* Manufacturing Business
Generate profits by make products from raw materials includes automobiles industry, etc.
* Real estate Businesses
Generate profits from properties, homes, and buildings.
* Information technology
In here we can include online business, software etc.
* Retailers and Distributors
Called the middle-men in business.
* Utilities services
They make the money by providing public services like water, electricity etc.
* Service providers
They provides the consultancy services in various fields. like consultancy etc.
* Transportation businesses
In this types of business goods transport from one place to another.