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Am beginning with a smile because i asked the same question to my business teacher when i was in form 4 and i will answer you exactly as she answered me.
The difference between business (transaction) and business organization can be understood by defining business and an organization.
A business - is a process of going into a transaction with a customer (either buyer or business partner), to purchase your good or services. it can also be defined as an exchange that occurs between a manufacturers and customer, where the manufacturer provides the customer with goods or services in return for the customer's money (value of goods or services sold).
An organization - is an established entity, with the sole purpose of selling good and services, or serving as a distribution network for goods and services.
therefore, the difference between business and business organization is that, business is the process of engaging in transaction or negotiating a deal of exchange between a customer (either individual or company) and seller (either individual or company), while a business organization is an a firm established for the sole purpose of undertaking a business activity.
so business is an exchange or transaction between a customer and seller, while business organization is a firm that sell business (goods or services) to people.
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