Business is an organization or enterprise that engages in commerce to increase profit and create wealth for owners, operators and stakeholders. It is a system designed to promote economic activity through the exchange of goods and services with an aim to satisfy human needs and desires. Each business focuses on providing something of value to its customers and the society at large, while managing the resources required to do so effectively and efficiently. Businesses vary greatly in size, scope, geography and industry; however, all successful businesses share the same goal: to achieve success through sound management and strategic planning.
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