It's a activity which is carried on with the intention of earning profits. If the operations of a typical manufacturing organisation are considered, it involves the purchasing of raw materials, processing the same with the help of various factors of production like labor and machinery, manufacturing the final product and selling the finished products in the market to earn profits.
As per the dictionary - "The activity of providing goods and services involving financial and commercial and industrial aspects "
Key areas of business - Finance, Marketing, Production
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