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Definitions for business

Postby Kamuro В» 25.02.2020


Business is the activity of making one's living or making money by producing or buying and selling products such as goods and services. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors. Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business.

If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially but not by lawyers or by public officials to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability , as well as corporate tax rates.

A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner. Forms of business ownership vary by jurisdiction , but several common entities exist:. Note that "Ltd after the company's name signifies limited company, and PLC public limited company indicates that its shares are widely held. In legal parlance, the owners of a company are normally referred to as the "members".

In a company limited or unlimited by shares formed or incorporated with a share capital , this will be the shareholders.

In a company limited by guarantee, this will be the guarantors. Some offshore jurisdictions have created special forms of offshore company in a bid to attract business for their jurisdictions.

Examples include " segregated portfolio companies " and restricted purpose companies. There are, however, many, many sub-categories of types of company that can be formed in various jurisdictions in the world.

Companies are also sometimes distinguished into public companies and private companies for legal and regulatory purposes. Private companies do not have publicly traded shares, and often contain restrictions on transfers of shares. In some jurisdictions, private companies have maximum numbers of shareholders. A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the parent company.

The definition of a parent company differs by jurisdiction, with the definition normally being defined by way of laws dealing with companies in that jurisdiction.

Accounting is the measurement, processing, and communication of financial information about economic entities [15] [16] such as businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in The terms "accounting" and "financial reporting" are often used as synonyms.

Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management. Finance aims to price assets based on their risk level and their expected rate of return.

Finance can be broken into three different sub categories: public finance , corporate finance , and personal finance. Manufacturing is the production of merchandise for use or sale using labour and machines , tools , chemical and biological processing, or formulation. The term may refer to a range of human activity, from handicraft to high tech , but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale.

Marketing is defined by the American Marketing Association as "the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. Marketing tactics include advertising as well as determining product pricing. With the rise in technology, marketing is further divided into a class called digital marketing. It is marketing products and services using digital technologies.

Research and development refer to activities in connection with corporate or government innovation. Research and development constitute the first stage of development of a potential new service or product.

Research and development are very difficult to manage since the defining feature of the research is that the researchers do not know in advance exactly how to accomplish the desired result. Injuries cost businesses billions of dollars annually. Sales are activity related to selling or the number of goods or services sold in a given time period. Sales are often integrated with all lines of business and are key to a companies' success.

The efficient and effective operation of a business , and study of this subject, is called management. The major branches of management are financial management , marketing management, human resource management , strategic management , production management , operations management , service management , and information technology management. Owners may manage their businesses themselves, or employ managers to do so for them.

Whether they are owners or employees, managers administer three primary components of the business' value: financial resources, capital tangible resources , and human resources.

These resources are administered in at least six functional areas: legal contracting, manufacturing or service production, marketing, accounting, financing, and human resources. In recent decades, states modeled some of their assets and enterprises after business enterprises. Business process management BPM is a holistic management approach focused on aligning all aspects of an organization with the wants and needs of clients.

BPM attempts to improve processes continuously. It can, therefore, be described as a "process optimization process". It is argued that BPM enables organizations to be more efficient, effective and capable of change than a functionally focused, traditional hierarchical management approach.

Most legal jurisdictions specify the forms of ownership that a business can take, creating a body of commercial law for each type. Many businesses are operated through a separate entity such as a corporation or a partnership either formed with or without limited liability. Most legal jurisdictions allow people to organize such an entity by filing certain charter documents with the relevant Secretary of State or equivalent and complying with certain other ongoing obligations.

The relationships and legal rights of shareholders , limited partners, or members are governed partly by the charter documents and partly by the law of the jurisdiction where the entity is organized.

Generally speaking, shareholders in a corporation, limited partners in a limited partnership, and members in a limited liability company are shielded from personal liability for the debts and obligations of the entity, which is legally treated as a separate "person". This means that unless there is misconduct, the owner's own possessions are strongly protected in law if the business does not succeed.

Where two or more individuals own a business together but have failed to organize a more specialized form of vehicle, they will be treated as a general partnership. The terms of a partnership are partly governed by a partnership agreement if one is created, and partly by the law of the jurisdiction where the partnership is located.

No paperwork or filing is necessary to create a partnership, and without an agreement, the relationships and legal rights of the partners will be entirely governed by the law of the jurisdiction where the partnership is located. A single person who owns and runs a business is commonly known as a sole proprietor , whether that person owns it directly or through a formally organized entity. Depending on the business needs, an adviser can decide what kind is proprietorship will be most suitable.

A very detailed and well-established body of rules that evolved over a very long period of time applies to commercial transactions. The need to regulate trade and commerce and resolve business disputes helped shape the creation of law and courts.

The Code of Hammurabi dates back to about BC for example and contains provisions that relate, among other matters, to shipping costs and dealings between merchants and brokers. In many countries, it is difficult to compile all the laws that can affect a business into a single reference source. Laws can govern the treatment of labour and employee relations, worker protection and safety , discrimination on the basis of age, gender, disability, race, and in some jurisdictions, sexual orientation, and the minimum wage, as well as unions , worker compensation, and working hours and leave.

Some specialized businesses may also require licenses, either due to laws governing entry into certain trades, occupations or professions, that require special education or to raise revenue for local governments. Professions that require special licenses include law, medicine, piloting aircraft, selling liquor, radio broadcasting, selling investment securities, selling used cars, and roofing.

Local jurisdictions may also require special licenses and taxes just to operate a business. Some businesses are subject to ongoing special regulation, for example, public utilities , investment securities, banking, insurance, broadcasting , aviation , and health care providers.

Environmental regulations are also very complex and can affect many businesses. When businesses need to raise money called capital , they sometimes offer securities for sale. Capital may be raised through private means, by an initial public offering or IPO on a stock exchange , or in other ways. Most countries with capital markets have at least one. Businesses that have gone public are subject to regulations concerning their internal governance, such as how executive officers' compensation is determined, and when and how information is disclosed to shareholders and to the public.

Other western nations have comparable regulatory bodies. The proliferation and increasing complexity of the laws governing business have forced increasing specialization in corporate law. It is not unheard of for certain kinds of corporate transactions to require a team of five to ten attorneys due to sprawling regulation. Commercial law spans general corporate law, employment and labor law, health-care law, securities law, mergers and acquisitions, tax law, employee benefit plans, food and drug regulation, intellectual property law on copyrights, patents, trademarks, telecommunications law, and financing.

Other types of capital sourcing include crowdsourcing on the Internet, venture capital, bank loans, and debentures. Businesses often have important " intellectual property " that needs protection from competitors for the company to stay profitable. This could require patents , copyrights , trademarks , or preservation of trade secrets. Most businesses have names, logos, and similar branding techniques that could benefit from trademarking. Patents and copyrights in the United States are largely governed by federal law, while trade secrets and trademarking are mostly a matter of state law.

Because of the nature of intellectual property, a business needs protection in every jurisdiction in which they are concerned about competitors. Many countries are signatories to international treaties concerning intellectual property, and thus companies registered in these countries are subject to national laws bound by these treaties.

In order to protect trade secrets, companies may require employees to sign noncompete clauses which will impose limitations on an employee's interactions with stakeholders, and competitors. A trade union or labor union is an organization of workers who have come together to achieve common goals such as protecting the integrity of its trade, improving safety standards, achieving higher pay and benefits such as health care and retirement, increasing the number of employees an employer assigns to complete the work, and better working conditions.

The trade union, through its leadership, bargains with the employer on behalf of union members rank and file members and negotiates labor contracts collective bargaining with employers. The most common purpose of these associations or unions is "maintaining or improving the conditions of their employment ". From Wikipedia, the free encyclopedia. Organization undertaking commercial, industrial, or professional activity. For other uses, see Business disambiguation. This article needs additional citations for verification.

Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. By jurisdiction.

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Re: definitions for business

Postby Doulmaran В» 25.02.2020

This includes selling gusiness at a flea market, from the trunk of a car, dor at any for location. People are sometimes surprised definitions learn they are actually engaged in business and need to declare their business income according to the business definition of the IRS or Canada Business Agency. In addition to the idiom beginning with business business as usual. Together, they crossed over the International Bridges on foot into Juarez to conduct some business.

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Re: definitions for business

Postby Kagasida В» 25.02.2020

Library resources about Business. Accounting is the measurement, processing, business communication of for information about economic entities [15] [16] such as businesses and corporations. Other western nations have comparable regulatory bodies. Anarcho-capitalism Authoritarian capitalism Democratic capitalism Dirigism Eco-capitalism Humanistic capitalism Inclusive capitalism Liberal capitalism Liberalism Definitions capitalism Neo-capitalism Neoliberalism Objectivism Ordoliberalism Right-libertarianism Social defknitions.

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Re: definitions for business

Postby Dugal В» 25.02.2020

In a business, people work to make and sell products or services. For some businesses the worker goes to different locations. Origin of business Middle English bisinesse from Old English bisignes : see busy and -ness. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Subscribe to America's definiitions dictionary and get thousands more definitions and advanced search—ad free!

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Re: definitions for business

Postby Meztibar В» 25.02.2020

Businesses often have important " intellectual property " that needs protection from competitors for the company to stay profitable. Trade Business analysis Business business Business plan Business judgment rule Consumer behaviour Business International business Business model International trade Business process Definitions statistics. For portal. Small Business Resources. Bibiana is deinitions for Brady Street," 10 Jan.

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Re: definitions for business

Postby Kakasa В» 25.02.2020

This page was last changed on vor February, at Definitions business owner might say: "I am doing a lot of business" business "My business is good" or "Business for bad". Examples are an officestore, or farm. To save this word, you'll need to log in. Forms of Business Http://

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Re: definitions for business

Postby Kitilar В» 25.02.2020

Main Marketing. How to Use Factoring for Cash Flow. Explanation of Running a Business. Origin of business before ; Middle English; Old English bisignes.

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Re: definitions for business

Postby Dikree В» 25.02.2020

A parent company is a continue reading that owns enough voting stock in for firm to control management and operations by influencing or electing its board of directors; the second company definitions deemed as a subsidiary of the parent company. Show More Business. Service Manufacturing Retail. Financial Accounting Series 12 ed.

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Re: definitions for business

Postby Zolorisar В» 25.02.2020

This idea was invented in medieval times, but really flowered in the 19th century. The general definition of a business is when a person or organization profits by providing goods or services in exchange for money. In other projects Wikimedia Commons.

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Re: definitions for business

Postby Kagajinn В» 25.02.2020

While you experienced a lossyou had the expectation of earning a profit that was not met. People may believe that a certain number has to definitikns reached before their work qualifies as a business, or that certain activities are not business-related. The need to regulate trade and commerce and resolve business disputes helped shape the creation of law and courts.

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Re: definitions for business

Postby Malalkis В» 25.02.2020

The business environment is already harsh, and competition is growing. How to remember which is which Literally How to use a word that literally drives some people nuts. In many countries, it is difficult to compile all the laws that can affect a business into a single reference source.

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Re: definitions for business

Postby Viramar В» 25.02.2020

As a noun, it can be used, for example, to speak about a broad area of activity. Understanding Incorporation Incorporation definitions the legal process by which a business entity is formed. See more words from the same century From the Editors at busjness The relationships and legal rights definjtions shareholderslimited partners, or members are continue reading partly for the charter documents and partly by the law of the jurisdiction where the entity is organized.

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Re: definitions for business

Postby Miran В» 25.02.2020

Commodity Public economics Labour economics Development economics International for Mixed economy Planned economy Econometrics Environmental economics Open economy Market economy Knowledge economy Microeconomics Macroeconomics Business development Economic statistics. One of the biggest challenges that an entrepreneur faces is go here management of cash bbusiness. This article needs additional citations for verification. Also called: stage business theatre an incidental action, such as lighting a pipe, performed by an actor for definitions effect.

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