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What is the meaning of a business?

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Anonymous

13y ago
Updated: 8/17/2019

A Business is any activity that generates revenue. This can be manufacturing, service-based, retail or any phase of the supply or delivery chain.

By pure definition, a business is any activity that provides either a product or a service in exchange or revenue. The revenue is usually cash, but can be other marketable assets, securities, products or materials as well as cash.

In order for a business to be considered a business, and not a hobby, it must reach a positive operating income within three-to-five years of initial opening.

Some business are designed to fail, in order to shield, conceal or protect the interests of associated businesses.

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Wiki User

13y ago

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