2 answers
Charlene
Student
Alaska, WI
1
Question
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What is business in detailed explanation?
Business tips and ways
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2 answers
Nancy Hamp
Clinical Counselor
137
Answers
Chicago, Illinois
Updated
Nancy’s Answer
Charlene,
Business is the practice of selling goods or services. A business is an entity that sells goods or services. A college degree in business helps prepare a person to work in a business, either large or small. A business degree helps prepare students for working in a business. Some common majors in business include marketing and sales, finance, human resources, business administration, and accounting. A business major will likely study all of these, at least a little bit. Business is what runs economies of nations, creates wealth, and creates jobs. Almost any career takes place in a business, whether for-profit or not-for-profit. A not-for-profit business may be a school, hospital, social service organization, a food bank, a government organization, etc. People can still make a living there, but the amount of money made in them is capped. For-profit businesses often have a plan to generate more income than it takes to run the operation, with the extra called profit which is often shared with private owners or stockholders in the business. In for-profit businesses, salaries are often higher because the company can afford to recruit people who expect a higher salary. It doesn’t mean the employees are better, but it does mean the focus is on creating more wealth. Not-for-profit business may be funded by governments (like the US Postal Service), by tax money, by grants from private foundations, or donations. The availability of different jobs in business generally follows trends in the economy. A business degree can help prepare you for work in many types of organizations or companies. You can specialize, such as in hospital administration or industrial and labor relations. It is a good idea to consider your talents and values to help you choose a specialty area. It is good to study math and English in college because business reports involve calculations, and clear written communication. In business today, strong computer skills are important, such as ability to use spreadsheets, presentation software, word processing and database programs. Hopefully this introduction was helpful to you!
Check out this article on business careers: https://www.indeed.com/career-advice/finding-a-job/business-careers
Business is the practice of selling goods or services. A business is an entity that sells goods or services. A college degree in business helps prepare a person to work in a business, either large or small. A business degree helps prepare students for working in a business. Some common majors in business include marketing and sales, finance, human resources, business administration, and accounting. A business major will likely study all of these, at least a little bit. Business is what runs economies of nations, creates wealth, and creates jobs. Almost any career takes place in a business, whether for-profit or not-for-profit. A not-for-profit business may be a school, hospital, social service organization, a food bank, a government organization, etc. People can still make a living there, but the amount of money made in them is capped. For-profit businesses often have a plan to generate more income than it takes to run the operation, with the extra called profit which is often shared with private owners or stockholders in the business. In for-profit businesses, salaries are often higher because the company can afford to recruit people who expect a higher salary. It doesn’t mean the employees are better, but it does mean the focus is on creating more wealth. Not-for-profit business may be funded by governments (like the US Postal Service), by tax money, by grants from private foundations, or donations. The availability of different jobs in business generally follows trends in the economy. A business degree can help prepare you for work in many types of organizations or companies. You can specialize, such as in hospital administration or industrial and labor relations. It is a good idea to consider your talents and values to help you choose a specialty area. It is good to study math and English in college because business reports involve calculations, and clear written communication. In business today, strong computer skills are important, such as ability to use spreadsheets, presentation software, word processing and database programs. Hopefully this introduction was helpful to you!
Nancy recommends the following next steps:
Grete Gaigalas
Compliance and Risk Analyst
7
Answers
Austin, Texas
Updated
Grete’s Answer
Hello Charlene,
Business is essentially a structured process where individuals, companies, or organizations engage in activities to create and sell products or services with the aim of making a profit. This involves a range of tasks such as production, marketing, and financial management. While some businesses aim to generate profit, others are non-profit entities that work towards charitable goals or promoting social causes. In essence, "business" encapsulates the structured efforts of people to generate profit through the sale of goods or services.
In my view, the foundation of business is deeply rooted in economics. Economics, being the second branch of business sciences, doesn't focus on individual businesses. Instead, it studies whole economic sectors.
Please find some helpful links below:
https://www.investopedia.com/terms/b/business-economics.asp
https://www.linkedin.com/pulse/what-business-ryan-sievers?trk=public_profile_article_view
Business is essentially a structured process where individuals, companies, or organizations engage in activities to create and sell products or services with the aim of making a profit. This involves a range of tasks such as production, marketing, and financial management. While some businesses aim to generate profit, others are non-profit entities that work towards charitable goals or promoting social causes. In essence, "business" encapsulates the structured efforts of people to generate profit through the sale of goods or services.
In my view, the foundation of business is deeply rooted in economics. Economics, being the second branch of business sciences, doesn't focus on individual businesses. Instead, it studies whole economic sectors.
Please find some helpful links below:
Grete recommends the following next steps: