Business

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1.

Activities undertaken for the purpose of earning profits.

Larger businesses are normally undertaken by companies. Smaller and medium-sized businesses are more commonly undertaken by sole traders or by partnerships.


2.

From the context of treasury or other central functions, the term 'the business' may refer to the customer facing operations of the organisation (excluding treasury for example).


3.

The sector of the economy consisting of profit-seeking organisations.

Sometimes known as the private sector.


See also