📚 Seth MB


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What Is A Business?

Last updated Dec 7, 2022 Edit

# Definitions

A business is an organisation that exists to provide goods and services on a commercial basis to customers.

Goods are physical products that can be traded.

Services are intangible products, a task is fulfilled by a business to save someone without the time, expertise, or the equipment the effort of sorting it out themselves.

They come in many forms

# Benefits to society

Public Sector businesses tend to exist to benefit society.

Business’s begin their corporate life as a startup, more information on startups can be found here