A business is any organization where people work together.
Explanation:
Business is any organization which strives to earn profit through the focusing on a common goal. Business is located such that it is near to the resources needed for its success.
The business strategy and type of business determine the goals of the business.
Irrespective of the devised strategy the business must aim to produce a product, service to empower the society.
The three characteristics to conduct a business include:business must be the product of individuals working in organized way, must help the society, must make some profit.
