Business (commerce)

Business is the activity of producing, buying, and selling goods or services, usually to earn a profit. It coordinates resources, people, and transactions to meet demand.

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Business model: A plan describing how an organization creates, delivers, and captures value. It explains how a business turns its offering into a way to earn revenue.
Market: A system in which buyers and sellers exchange goods, services, or resources. Business operates within markets where supply and demand meet.
Small business: An independently operated enterprise that is limited in size by measures such as employees or revenue. It shows business at a locally owned, relatively small scale.
Employment: Paid work performed under an agreement between a worker and an employer. Businesses create jobs and shape the conditions under which many people work.
Value chain: The sequence of activities through which an organization creates and delivers a product or service. It maps the linked activities that produce and deliver what a business sells.
Supply and demand: The relationship between the quantity sellers offer and the quantity buyers want at different prices. Their interaction helps shape the prices and quantities businesses face.
Corporation: A legally recognized organization with rights and liabilities separate from its owners. It is a common legal form for businesses seeking continuity or investment.
Corporate social responsibility: A company’s policies and practices for addressing its social and environmental effects. It concerns how businesses respond to impacts beyond their direct transactions.
Supply chain: The network of organizations and processes involved in sourcing, producing, and distributing goods. It connects a business’s operations to suppliers and customers.
Goods and services: Economic outputs consisting of tangible products and activities performed for others. They are the main things businesses produce and sell.