What is a business called?
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A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations. Business types range from limited liability companies to sole proprietorships, corporations, and partnerships.
A business is often referred to as a company, enterprise, or organization. It’s an entity that engages in activities such as selling products, providing services, or conducting trade to generate revenue and make a profit. Businesses can take various forms, such as small local shops, multinational corporations, or online startups.