Our Business Guide is Michael Russell.
General Information
A business is a commercial enterprise within the economy that undertakes economic activities.
Several different types of businesses exist with different legal rights, goals and activities. The main goal of most businesses is profit maximization, although businesses may also aim to maximize sales, increase market share, provide quality products, provide employment, gain prestige, provide important goods and services to society or be self-employed.
In economics businesses are known as producers and usually belong to the producer sector of the economy. The money that is exchanged by a consumer for goods and services from the business is known as sales revenue. This is usually able to cover the costs of production, including rent for land, capital investment and wages for workers
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The Guiding Place-The Arts Guide
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