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Business (pronunciation: /ˈbɪznɪs/) is a broad term that refers to all activities involved in the production, exchange, or sale of goods and services for profit. The etymology of the word "business" comes from the Old English "bisignis" which means "care, anxiety, occupation".

Types of Business

There are several types of businesses, including:

  • Sole Proprietorship: This is a type of business owned and run by one individual. The owner is responsible for all profits and losses.
  • Partnership: A business owned by two or more people who share the profits and losses.
  • Corporation: A business that is a separate legal entity from its owners. It can own property, sue and be sued.

Business Operations

Business operations refer to the day-to-day activities of a business. These can include:

  • Marketing: The process of promoting and selling products or services.
  • Finance: The management of money and other assets.
  • Production: The process of creating goods or services for sale.

Related Terms

  • Entrepreneur: An individual who starts and runs a business, often taking on financial risks.
  • Startup: A newly established business.
  • Franchise: A business model where one business owner sells the rights to their business logo, name, and model to an independent entrepreneur.
  • Merger: The combination of two companies into one.

External links


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