What is a business?

A business is an organization that seeks to earn a profit by providing products or services to customers in exchange for money.

Businesses provide products or services that meet customers’ needs and solve their problems.

Businesses may focus on selling to individual consumers. These firms are often called B2C or Business-to-Consumer operations.

Business may alternatively focus on selling to other businesses, organizations, institutions, or the government. Such firms are called B2B or Business-to-Business operations.

Of course, some businesses sell to both individual consumers and business customers.

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