A business (also known as enterprise or firm) is an organization involved in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company, although that term also has a more precise meaning.
The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage to mean a particular organization; the generalized usage to refer to a particular market sector, "the music business" and compound forms such as agribusiness; and the broadest meaning, which encompasses all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate and complexity of meanings.
Other articles related to "firm, firms":
... also Corporate Social Entrepreneurship intrapreneurship within the firm which is driven to produce social capital in addition to economic capital ...
... NBBJ is a global architecture, planning and design firm with offices in Beijing, Boston, Columbus, Dubai, London, Los Angeles, New York, San Francisco, Seattle, and Shanghai ... The firm is involved in multiple markets and building types including civic, corporate, commercial, healthcare, higher education, science, sports, and transportation ... The firm accepted the Architecture 2030 Challenge, a global initiative stating that all new buildings and major renovations reduce their fossil-fuel GHG-emitting consumption by 50% by 2010, incrementally ...
... Under such circumstances, the marketing unit of a service firm has to understand the psyche of the potential buyers and find out the prime reason for the rejection ... The service firm has to come up with an appropriate strategy to remove the misunderstandings of the potential buyers ... The marketing unit of the firm should focus on promotional campaigns and communicating reasons for potential customers to use the firm's services ...
... The international law firm of Fulbright Jaworski L.L.P ... is one of the largest law firms in the United States with nearly 1,000 attorneys in over 50 practice areas ... The firm was founded in Houston in 1919 by R ...
... Traurig (officially Greenberg Traurig, LLP and Greenberg Traurig, PA) is an international law firm headquartered in Miami, United States ... The firm was founded in Miami in 1967 by Lawrence Hoffman, Mel Greenberg and Robert Traurig ... the firm operates as Greenberg Traurig Maher LLP ...
Famous quotes containing the word firm:
“What if we wake one shimmering morning to
Hear the fierce hammering
Of his firm knuckles
Hard on the door?
Shall we not shudder?”
—Gwendolyn Brooks (b. 1917)
“My course is a firm assertion and maintenance of the rights of the colored people of the South according to the Thirteenth, Fourteenth, and Fifteenth Amendments, coupled with a readiness to recognize all Southern people, without regard to past political conduct, who will now go with me heartily and in good faith in support of these principles.”
—Rutherford Birchard Hayes (18221893)
“So far we have been going firmly ahead, feeling the firm ground of prejudice glide away beneath our feet which is always rather exhilarating, but what next? You will be waiting for the bit where we bog down, the bit where we take it all back, and sure enough thats going to come but it will take time.”
—J.L. (John Langshaw)