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Updated live from Wikipedia, last check: May 30, 2012 13:15 UTC (47 seconds ago)

From Wikipedia, the free encyclopedia

For other uses, see Business (disambiguation).
Scales of justice
Companies law
Company · Business
Sole proprietorship Corporation
Cooperative
United States
S corporation · C corporation
LLC · LLLP · Series LLC
Delaware corporation
Nevada corporation
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Unlimited company
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SE · SCE · SPE · EEIG
Elsewhere
AB · AG · ANS · A/S · AS · GmbH
K.K. · N.V. · OY · S.A. · more
Doctrines
Corporate governance
Limited liability · Ultra vires
Business judgment rule
Internal affairs doctrine Piercing the corporate veil
Rochdale Principles
Related areas
Contract · Civil procedure
A business (also called a company, enterprise or firm) is a legally recognized organization designed to provide goods and/or services to consumers.[1] Businesses are predominant in capitalist economies, most being privately owned and formed to earn profit that will increase the wealth of its owners and grow the business itself. The owners and operators of a business have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk. Notable exceptions include cooperative enterprises and state-owned enterprises. Businesses can also be formed not-for-profit or be state-owned.
The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. .The term "business" has at least three usages, depending on the scope — the singular usage (above) to mean a particular company or corporation, the generalized usage to refer to a particular market sector, such as "the music business" and compound forms such as agribusiness, or the broadest meaning to include all activity by the community of suppliers of goods and services.^ People from all areas of the music industry reached out and shared their feelings on future business models, and strategies for moving forward.
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

 ^ The agenda includes sessions on community-building, advertising and marketing, news and information and mobile.
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

 However, the exact definition of business, like much else in the philosophy of business, is a matter of debate and complexity of meanings

Contents

Basic forms of ownership

Although forms of business ownership vary by jurisdiction, there are several common forms:
  • Sole proprietorship: A sole proprietorship is a business owned by one person. The owner may operate on his or her own or may employ others. .The owner of the business has personal liability of the debts incurred by the business.
  • Partnership: A partnership is a form of business in which two or more people operate for the common goal which is often making profit.^ As digital technology wreaks havoc on the business models of legacy media such as newspapers and magazines, they are now turning more often to the non-profit model.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     ^ And there's that massive problem of people reading dead-tree edition newspapers less and reading electronic online versions more -- leading to smaller profits at the moment.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     ^ The goal for the PR person is to represent their product or service well, and make sure it gets positive press coverage.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     In most forms of partnerships, each partner has personal liability of the debts incurred by the business. There are three typical classifications of partnerships: general partnerships, limited partnerships, and limited liability partnerships.
  • Corporation: A corporation is either a limited or unlimited liability entity that has a separate legal personality from its members. A corporation can be organized for-profit or not-for-profit. A corporation is owned by multiple shareholders and is overseen by a board of directors, which hires the business's managerial staff. .In addition to privately-owned corporate models, there are state-owned corporate models.
  • Cooperative: Often referred to as a "co-op", a cooperative is a limited liability entity that can organize for-profit or not-for-profit.^ As digital technology wreaks havoc on the business models of legacy media such as newspapers and magazines, they are now turning more often to the non-profit model.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     A cooperative differs from a corporation in that it has members, as opposed to shareholders, who share decision-making authority. Cooperatives are typically classified as either consumer cooperatives or worker cooperatives. Cooperatives are fundamental to the ideology of economic democracy.
For a country-by-country listing of legally recognized business forms, see Types of business entity.

Classifications

Wall Street, Manhattan is the location of the New York Stock Exchange and is often used as a symbol for the world of business.
There are many types of businesses, and because of this, businesses are classified in many ways. One of the most common focuses on the primary profit-generating activities of a business:
.
  • Agriculture and mining businesses are concerned with the production of raw material, such as plants or minerals.
  • Financial businesses include banks and other companies that generate profit through investment and management of capital.
  • Information businesses generate profits primarily from the resale of intellectual property and include movie studios, publishers and packaged software companies.
  • Manufacturers produce products, from raw materials or component parts, which they then sell at a profit.^ If Twitter the company is not interested in putting advertising in its product right now, other companies have proven they can do it on their own.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     ^ As digital technology wreaks havoc on the business models of legacy media such as newspapers and magazines, they are now turning more often to the non-profit model.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     ^ But before companies large and small -- as well as non-profits and charities -- jump into social media, they need to take a deep...
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     .Companies that make physical goods, such as cars or pipes, are considered manufacturers.
  • Real estate businesses generate profit from the selling, renting, and development of properties, homes, and buildings.
  • Retailers and Distributors act as middle-men in getting goods produced by manufacturers to the intended consumer, generating a profit as a result of providing sales or distribution services.^ As digital technology wreaks havoc on the business models of legacy media such as newspapers and magazines, they are now turning more often to the non-profit model.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     ^ There seems to be a growing obsession with real estate in the U.S., as home prices have soared in the past few years, only to come back to earth a bit in the past year.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     Most consumer-oriented stores and catalogue companies are distributors or retailers. See also: Franchising
  • Service businesses offer intangible goods or services and typically generate a profit by charging for labor or other services provided to government, other businesses or consumers. Organizations ranging from house decorators to consulting firms to restaurants and even to entertainers are types of service businesses.
  • Transportation businesses deliver goods and individuals from location to location, generating a profit on the transportation costs
  • Utilities produce public services, such as heat, electricity, or sewage treatment, and are usually government chartered.
There are many other divisions and subdivisions of businesses. The authoritative list of business types for North America is generally considered to be the North American Industry Classification System, or NAICS. The equivalent European Union list is the NACE.

Management

The efficient and effective operation of a business, and study of this subject, is called management. .The main branches of management are financial management, marketing management, human resource management, strategic management, production management, service management, information technology management, and business intelligence.^ Advertisers and marketers spend much of their time (and money) trying to pitch the public on their products and services.
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

Reforming State Enterprises

In recent decades, assets and enterprises that were run by various states have been modeled after business enterprises. In 2003, the People's Republic of China reformed 80% of its state-owned enterprises and modeled them on a company-type management system.[2] .Many state institutions and enterprises in China and Russia have been transformed into joint-stock companies, with part of their shares being listed on public stock markets.^ Next month, newspapers all over the United States will begin sharing sports stories online and in print as part of an initiative that sprung from the Associated Press Sports Editors.
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

Government regulation

Most legal jurisdictions specify the forms of ownership that a business can take, creating a body of commercial law for each type.

Organizing

The major factors affecting how a business is organized are usually:
The Bank of England in Threadneedle Street, London, England.
  • The size and scope of the business, and its anticipated management and ownership. Generally a smaller business is more flexible, while larger businesses, or those with wider ownership or more formal structures, will usually tend to be organized as partnerships or (more commonly) corporations. In addition a business that wishes to raise money on a stock market or to be owned by a wide range of people will often be required to adopt a specific legal form to do so.
  • The sector and country. .Private profit making businesses are different from government owned bodies.^ Business Failure Goosing Your Small Business Five quick exercises that small business owners can perform to make more money and collect bigger profits.

     ^ Organizational Change Common Mistakes Young People Make when Starting a Business Many young people find the best way to make money after school is to start their own business.

     .In some countries, certain businesses are legally obliged to be organized in certain ways.
  • Limited liability. Corporations, limited liability partnerships, and other specific types of business organizations protect their owners or shareholders from business failure by doing business under a separate legal entity with certain legal protections.^ For some in the business, this year brought trouble after trouble; for others, 2009 was...
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     In contrast, unincorporated businesses or persons working on their own are usually not so protected.
  • Tax advantages. Different structures are treated differently in tax law, and may have advantages for this reason.
  • Disclosure and compliance requirements. Different business structures may be required to make more or less information public (or reported to relevant authorities), and may be bound to comply with different rules and regulations.
Many businesses are operated through a separate entity such as a corporation or a partnership (either formed with or without limited liability). .Most legal jurisdictions allow people to organize such an entity by filing certain charter documents with the relevant Secretary of State or equivalent and complying with certain other ongoing obligations.^ But survey after survey shows that people are not quite as excited about it -- in fact, most people consider it an outrage to be bothered by ads on such a personal device.
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

 The relationships and legal rights of shareholders, limited partners, or members are governed partly by the charter documents and partly by the law of the jurisdiction where the entity is organized. Generally speaking, shareholders in a corporation, limited partners in a limited partnership, and members in a limited liability company are shielded from personal liability for the debts and obligations of the entity, which is legally treated as a separate "person." This means that unless there is misconduct, the owner's own possessions are strongly protected in law, if the business does not succeed.
.Where two or more individuals own a business together but have failed to organize a more specialized form of vehicle, they will be treated as a general partnership.^ They should treat their Business as a business, not a hobby.

 ^ As digital technology wreaks havoc on the business models of legacy media such as newspapers and magazines, they are now turning more often to the non-profit model.
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

 ^ Organizational Change Common Mistakes Young People Make when Starting a Business Many young people find the best way to make money after school is to start their own business.

 The terms of a partnership are partly governed by a partnership agreement if one is created, and partly by the law of the jurisdiction where the partnership is located. No paperwork or filing is necessary to create a partnership, and without an agreement, the relationships and legal rights of the partners will be entirely governed by the law of the jurisdiction where the partnership is located.
.A single person who owns and runs a business is commonly known as a sole proprietor, whether he or she owns it directly or through a formally organized entity.^ I first heard of his new business venture, The Printed Blog, from a colleague of mine who runs a...
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

 ^ During the 9th annual business award ceremony OCBJ recognized the company for its commitment to helping outside community organizations through charity.
  • Manufacturing News from Send2Press Newswire :: Wed, 27 Jan 2010, 14:37:09 EST 2 February 2010 8:50 UTC www.send2press.com [Source type: News]
A few relevant factors to consider in deciding how to operate a business include:
.
  1. General partners in a partnership (other than a limited liability partnership), plus anyone who personally owns and operates a business without creating a separate legal entity, are personally liable for the debts and obligations of the business.
  2. Generally, corporations are required to pay tax just like "real" people.^ Create your own business ideas.

     ^ While sites like Monster, CareerBuilder, TheLadders, Indeed, SimplyHired, and others are busy trying to get employers to pay hundreds of dollars to put a job on their site, we are putting those jobs on our site at no cost to employers.
    • Manufacturing Jobs, Manufacturing Manager & Engineer Jobs, Food Manufacturing Jobs 2 February 2010 8:50 UTC www.manufacturingcrossing.com [Source type: News]

     ^ Coffee Business Flea Market Expenses: The Cost of Doing Business The cost of selling at a flea market is much less than any other face-to-face sales venue.

     .In some tax systems, this can give rise to so-called double taxation, because first the corporation pays tax on the profit, and then when the corporation distributes its profits to its owners, individuals have to include dividends in their income when they complete their personal tax returns, at which point a second layer of income tax is imposed.
  3. In most countries, there are laws which treat small corporations differently than large ones.^ They might want to check out a magazine that's been a pioneer with the non-profit model, and first went online in 1993: Mother Jones.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     ^ But before companies large and small -- as well as non-profits and charities -- jump into social media, they need to take a deep...
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     ^ By Twitter's own account, the unauthorized access to that account was the first in a series of actions that ultimately gained the hacker (who calls himself "Hacker Croll") access to Twitter corporate documents that were maintained...
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     They may be exempt from certain legal filing requirements or labor laws, have simplified procedures in specialized areas, and have simplified, advantageous, or slightly different tax treatment.
  4. To "go public" (sometimes called IPO) -- which basically means to allow a part of the business to be owned by a wider range of investors or the public in general—you must organize a separate entity, which is usually required to comply with a tighter set of laws and procedures. .Most public entities are corporations that have sold shares, but increasingly there are also public LLCs that sell units (sometimes also called shares), and other more exotic entities as well (for example, REITs in the USA, Unit Trusts in the UK).^ More and more artists are giving away some tracks to help market themselves, either by selling other tracks, going on tour or hawking merchandise.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     ^ He shepherded his Broadcast.com streaming multimedia company through a successful initial public offering in 1998 and sold it to Yahoo in 1999 for more than $5 billion.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     However, you cannot take a general partnership "public."

Commercial law

Offices in the Los Angeles Downtown Financial District
.Most commercial transactions are governed by a very detailed and well-established body of rules that have evolved over a very long period of time, it being the case that governing trade and commerce was a strong driving force in the creation of law and courts in Western civilization.^ Most of the stories there are timely news, meaning they don't hold value for very long, and much of...
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]
.As for other laws that regulate or impact businesses, in many countries it is all but impossible to chronicle them all in a single reference source.^ Unlike any other source, we show you information that is completely nonbiased — just all the jobs.
  • Manufacturing Jobs, Manufacturing Manager & Engineer Jobs, Food Manufacturing Jobs 2 February 2010 8:50 UTC www.manufacturingcrossing.com [Source type: News]

 ^ Many of us in the lean community - all of us long admirers of Toyota and ardent proponents of the business and manufacturing model they… .

 ^ Business Writing College Students and the Impact of Joining the Family Business For many students, there is pressure to join the family business upon graduation from school.

 There are laws governing treatment of labor and generally relations with employees, safety and protection issues (Health and Safety), anti-discrimination laws (age, gender, disabilities, race, and in some jurisdictions, sexual orientation), minimum wage laws, union laws, workers compensation laws, and annual vacation or working hours time.
In some specialized businesses, there may also be licenses required, either due to special laws that govern entry into certain trades, occupations or professions, which may require special education, or by local governments. Professions that require special licenses range from law and medicine to flying airplanes to selling liquor to radio broadcasting to selling investment securities to selling used cars to roofing. Local jurisdictions may also require special licenses and taxes just to operate a business without regard to the type of business involved.
Some businesses are subject to ongoing special regulation. .These industries include, for example, public utilities, investment securities, banking, insurance, broadcasting, aviation, and health care providers.^ Utility Sustainability Strategies Provides the Right Frame for Capital Investment (UtiliPoint.com - Dec.
  • Power Industry News - Electricity, Gas, Jobs, Conferences - The Power Marketing Association 25 January 2010 12:41 UTC powermarketers.netcontentinc.net [Source type: Academic]

 ^ Need More Than Regular Health Care; They Have Immediate Need for Long-Term Care Insurance .
  • Manufacturing News from Send2Press Newswire :: Wed, 27 Jan 2010, 14:37:09 EST 2 February 2010 8:50 UTC www.send2press.com [Source type: News]

 ^ Long Term Care Insurance Expert Tells Air Travelers, '3 in 4 Need More Than Regular Health Care' .
  • Manufacturing News from Send2Press Newswire :: Wed, 27 Jan 2010, 14:37:09 EST 2 February 2010 8:50 UTC www.send2press.com [Source type: News]

 .Environmental regulations are also very complex and can impact many kinds of businesses in unexpected ways.^ Organizational Change Common Mistakes Young People Make when Starting a Business Many young people find the best way to make money after school is to start their own business.

 ^ Business Writing College Students and the Impact of Joining the Family Business For many students, there is pressure to join the family business upon graduation from school.

Capital

Mexican Stock Exchange in Paseo de la Reforma, Mexico City
.When businesses need to raise money (called 'capital'), more laws come into play.^ Business Failure Goosing Your Small Business Five quick exercises that small business owners can perform to make more money and collect bigger profits.

 ^ It can get you promoted, and put you into the stratosphere when it comes to rising through the ranks of business.

 ^ If politicians want to raise real money to give out to their campaign donors, they need to be more creative.
  • Indianapolis Business News - Latest Indiana Headlines, Top Stories, Breaking News - Indianapolis Business Journal - IBJ.com 19 January 2010 9:53 UTC www.ibj.com [Source type: General]

 A highly complex set of laws and regulations govern the offer and sale of investment securities (the means of raising money) in most Western countries. .These regulations can require disclosure of a lot of specific financial and other information about the business and give buyers certain remedies.^ As longtime music buyers, we have a certain mindset about the CDs...
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

 ^ Robert Kiyosaki Business Economists See Riskier Mortgages as Biggest Danger, but Others Are Building Also A survey of risky financial activities currently making the news.

 ^ About Elections Candidate & Filing Information Publications Research Voter Information Business/Commercial Services .
  • Arkansas Secretary of State Charlie Daniels | Business/Commercial Services | Business Entity Services Fees, Forms and Procedures 11 September 2009 15:26 UTC www.sosweb.state.ar.us [Source type: Academic]

 Because "securities" is a very broad term, most investment transactions will be potentially subject to these laws, unless a special exemption is available.
.Capital may be raised through private means, by public offer (IPO) on a stock exchange, or in many other ways.^ He shepherded his Broadcast.com streaming multimedia company through a successful initial public offering in 1998 and sold it to Yahoo in 1999 for more than $5 billion.
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

 ^ Journalists and news outlets are accustomed to offering comments and criticisms about others, but they're not as used to being the subject of public comment themselves.
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

 Major stock exchanges include the Shanghai Stock Exchange, Singapore Exchange, Hong Kong Stock Exchange, New York Stock Exchange and Nasdaq (USA), the London Stock Exchange (UK), the Tokyo Stock Exchange (Japan), and so on. Most countries with capital markets have at least one.
.Business that have gone "public" are subject to extremely detailed and complicated regulation about their internal governance (such as how executive officers' compensation is determined) and when and how information is disclosed to the public and their shareholders.^ It's a subject that few of us bother with until we find out our private information has been stolen or inadvertently been made public.
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

 ^ College Guide How to Get into US Business School This article talks in detail about the steps that one must take to get into US B-School.

 ^ Journalists and news outlets are accustomed to offering comments and criticisms about others, but they're not as used to being the subject of public comment themselves.
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

 In the United States, these regulations are primarily implemented and enforced by the United States Securities and Exchange Commission (SEC). Other Western nations have comparable regulatory bodies. The regulations are implemented and enforced by the China Securities Regulation Commission (CSRC), in China. In Singapore, the regulation authority is Monetary Authority of Singapore (MAS), and in Hong Kong, it is Securities and Futures Commission (SFC).
As noted at the beginning, it is impossible to enumerate all of the types of laws and regulations that impact on business today. .In fact, these laws have become so numerous and complex, that no business lawyer can learn them all, forcing increasing specialization among corporate attorneys.^ All of the online content sites are becoming a hybrid of user-aggregated, user-generated and edited content, because feedback and citizen journalism and ratings and suggestions are becoming part of these sites."
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

 It is not unheard of for teams of 5 to 10 attorneys to be required to handle certain kinds of corporate transactions, due to the sprawling nature of modern regulation. .Commercial law spans general corporate law, employment and labor law, healthcare law, securities law, M&A law (who specialize in acquisitions), tax law, ERISA law (ERISA in the United States governs employee benefit plans), food and drug regulatory law, intellectual property law (specializing in copyrights, patents, trademarks and such), telecommunications law, and more.^ Fairbanks, AK 99709 Powerhouse is a general contractor specializing in temporary traffic control, commercial electrical, hydroexcavation and commercial signage ...
In Thailand, for example, it is necessary to register a particular amount of capital for each employee, and pay a fee to the government for the amount of capital registered. .There is no legal requirement to prove that this capital actually exists, the only requirement is to pay the fee.^ Why we Believe Job Boards Are Evil Discusses why the typical job board you may be familiar with only shows you jobs employers pay to post there.
  • Manufacturing Jobs, Manufacturing Manager & Engineer Jobs, Food Manufacturing Jobs 2 February 2010 8:50 UTC www.manufacturingcrossing.com [Source type: News]

 Overall, processes like this are detrimental to the development and GDP of a country, but often exist in "feudal" developing countries.

Intellectual property

.Businesses often have important "intellectual property" that needs protection from competitors for the company to stay profitable.^ As digital technology wreaks havoc on the business models of legacy media such as newspapers and magazines, they are now turning more often to the non-profit model.
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

 ^ But before companies large and small -- as well as non-profits and charities -- jump into social media, they need to take a deep...
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

 This could require patents or copyrights or preservation of trade secrets. .Most businesses have names, logos and similar branding techniques that could benefit from trademarking.^ ESET, LLC. All other names and brands are registered trademarks of their respective companies.
  • Best Free Antivirus Software Trial: Free Home, Business and Gaming Download from ESET 19 January 2010 9:53 UTC www.eset.com [Source type: Reference]

 Patents and copyrights in the United States are largely governed by federal law, while trade secrets and trademarking are mostly a matter of state law. .Because of the nature of intellectual property, a business needs protection in every jurisdiction in which they are concerned about competitors.^ If they were to be intentional about starting the business, they could build their business more quickly and sustain is as long as they wished.

 Many countries are signatories to international treaties concerning intellectual property, and thus companies registered in these countries are subject to national laws bound by these treaties.

Exit plans

Businesses can be bought and sold. Business owners often refer to their plan of disposing of the business as an "exit plan." Common exit plans include IPOs, MBOs and mergers with other businesses. Businesses are rarely liquidated, as it is often very unprofitable to do so.

See also

Main article: Outline of business
Business and economics portal

Notes and references

  1. ^ Sullivan, arthur; Steven M. Sheffrin (2003). Economics: Principles in action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. pp. 29. ISBN 0-13-063085-3. http://www.pearsonschool.com/index.cfm?locator=PSZ3R9&PMDbSiteId=2781&PMDbSolutionId=6724&PMDbCategoryId=&PMDbProgramId=12881&level=4. 
  2. ^ http://english.people.com.cn/data/China_in_brief/Economy/Major%20Industries.html

External links


Quotes

Up to date as of January 14, 2010

From Wikiquote

.Business is the "art" of making money by selling things or services people want for more than their cost.^ If you're like me, you know more about economics now than you ever thought you'd want to know.
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

 ^ Surf This COTA: Getting things done is more than just a resolution .
  • Indianapolis Business News - Latest Indiana Headlines, Top Stories, Breaking News - Indianapolis Business Journal - IBJ.com 19 January 2010 9:53 UTC www.ibj.com [Source type: General]

 ^ Rupert Murdoch, who says he wants to make people pay to see content on all his news sites.
  • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

 - Patrick Dixon

Sourced

.
  • Nobody talks more of free enterprise and competition and of the best man winning than the man who inherited his father's store or farm.^ Best Free Antivirus Software Trial: Free Home, Business and Gaming Download from ESET Purchased Products, Free Antivirus Software Trials and More .
    • Best Free Antivirus Software Trial: Free Home, Business and Gaming Download from ESET 19 January 2010 9:53 UTC www.eset.com [Source type: Reference]
  • However successful a man may be in his own business, if he turns from that and engages ill a business which he don't understand, he is like Samson when shorn of his locks his strength has departed, and he becomes like other men.^ First Enercast Featured Articles for January 17, 2008 .
    • Power Industry News - Electricity, Gas, Jobs, Conferences - The Power Marketing Association 25 January 2010 12:41 UTC powermarketers.netcontentinc.net [Source type: Academic]

     .
    • P. T. Barnum, ‘Beware of ‘‘Outside Operations’’’, The Art of Money Getting
  • What I must understand is why someone will continue to get out of bed in the morning once they have all the money they could want.^ They might want to check out a magazine that's been a pioneer with the non-profit model, and first went online in 1993: Mother Jones.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     ^ If politicians want to raise real money to give out to their campaign donors, they need to be more creative.
    • Indianapolis Business News - Latest Indiana Headlines, Top Stories, Breaking News - Indianapolis Business Journal - IBJ.com 19 January 2010 9:53 UTC www.ibj.com [Source type: General]

     ^ If President Barack Obama gets what he wants in his health care plan — covering all Americans and barring insurers from denying coverage — some analysts say individuals could wind up paying higher premiums.
    • Indianapolis Business News - Latest Indiana Headlines, Top Stories, Breaking News - Indianapolis Business Journal - IBJ.com 19 January 2010 9:53 UTC www.ibj.com [Source type: General]

     Do they love the business, or do they love the money? .
    • Warren Buffett, ‘The Warren Buffett You Don’t Know’, Business Week article, July 5th 1999
  • Business is other people's money.^ What People Know and Don't Know About Energy & Environment (UtiliPoint.com - May 14, 2008) .
    • Power Industry News - Electricity, Gas, Jobs, Conferences - The Power Marketing Association 25 January 2010 12:41 UTC powermarketers.netcontentinc.net [Source type: Academic]
  • Here's the rule for bargains: ‘Do other men, for they would do you.’ That's the true business precept.
  • Business, you know, may bring money, but friendship hardly ever does.
  • Business was his aversion; pleasure was his business.
  • A man of business may talk of philosophy; a man who has none may practice it.

Unsourced

  • That which is everybody's business is nobody's business.
  • There's only so much room at the top. For someone to succeed, someone must fail. .
    • John Calvin Byrd III, Speech at UC Santa Barbara on Film Production
  • Formerly when great fortunes were only made in war, war was a business; but now, when great fortunes are only made by business, business is war."^ In this sense, the war of ideas is no longer a metaphor or a figure of speech -- it's a literal war in which we now find ourselves.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     .
    • Bovee
  • Call on a business man at business times only, and on business, transact your business and go about your business, in order to give him time to finish his business.^ Desperate times call for desperate measures, and that's where the newspaper business is right now.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     ^ The New York Times is going into the hyper-local news business, as reported by Zachary Seward at the NiemanJournalismLab.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     ^ But what you might not have considered is the potential danger in over-relying on these startups that could go out of business, get bought out, or close your account if you aren't familiar with...
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     .
    • Duke of Wellington
  • Men of great parts are often unfortunate in the management of public business, because they are apt to go out of the common road by the quickness of their imagination.^ Public relations professionals and journalists often work together, and sometimes they even get along.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     ^ As digital technology wreaks havoc on the business models of legacy media such as newspapers and magazines, they are now turning more often to the non-profit model.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     ^ But what you might not have considered is the potential danger in over-relying on these startups that could go out of business, get bought out, or close your account if you aren't familiar with...
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]
  • Rare almost as great poets, rarer, perhaps, than veritable saints and martyrs, are consummate men of business. A man, to be excellent in this way, requires a great knowledge of character, with that exquisite tact which feels unerringly the right moment when to act. A discreet rapidity must pervade all the movements of his thought and action. He must be singularly free from vanity, and is generally found to be an enthusiast who has the art to conceal his enthusiasm. .
    • Helps
  • It is very sad for a man to make himself servant to a thing, his manhood all taken out of him by the hydraulic pressure of excessive business.^ People from all areas of the music industry reached out and shared their feelings on future business models, and strategies for moving forward.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     ^ It will help teams that wipe out on road courses and take pressure off tracks' safety crews.
    • Indianapolis Business News - Latest Indiana Headlines, Top Stories, Breaking News - Indianapolis Business Journal - IBJ.com 19 January 2010 9:53 UTC www.ibj.com [Source type: General]

     I should not like to be merely a great doctor, a great lawyer, a great minister, a great politician—I should like to be also something of a man.
  • Not because of any extraordinary talents did he succeed, but because he had a capacity on a level for business and not above it. .
  • The great secret both of health and successful industry is the absolute yielding up of one's consciousness to the business and diversion of the hour—never permitting the one to infringe in the least degree upon the other.^ As the music industry continues to evolve and search for a sustainable and profitable business model, the direct-to-fan (D2F) approach is making great advances, from artists just starting their career up to superstars with massive fan bases.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]

     ^ One can almost picture the Poynter Institute's widely read journalism industry blog Romenesko sauntering up to Time Inc.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]
    • Sismondi
  • Few people do business well who do nothing else.
  • To men addicted to delights, business is an interruption; to such as are cold to delights, business is an entertainment. .For which reason it was said to one who commended a dull man for his application, "No thanks to him; if he had no business, he would have nothing to do."^ When Andrew Baron decided to use eBay to sell the first ads on his popular video blog Rocketboom, he was worried that no one would bite.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]
    • Steele
  • The rule of my life is to make business a pleasure and pleasure my business. .
  • An entrepreneur is "the one who was right when practically everyone around them was wrong".
  • Never ask a businessman how much percentage he puts on the price.^ "How can anyone trust what he has to say, when he was the one who caused the bubble in the first place!"
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]
    • Swami Raj
  • Business has only two basic functions: marketing and innovation.
  • Profitability is the sovereign criterion of the enterprise.
  • Promotion should not be more important than accomplishment, or avoiding instability more important than taking the right risk.
  • Every great man of business has got somewhere a touch of the idealist in him. .
  • Business without profit is not business any more than a pickle is a candy.^ As digital technology wreaks havoc on the business models of legacy media such as newspapers and magazines, they are now turning more often to the non-profit model.
    • MediaShift . Business Archives | PBS 19 January 2010 9:53 UTC www.pbs.org [Source type: FILTERED WITH BAYES]
    • Charles F Abbott
  • Turnover is vanity, profit is sanity, but cash is king.
  • A friendship founded on business is better than a business founded on friendship.
  • Most are engaged in business the greater part of their lives, because the soul abhors a vacume and they have not discovered any continuous employment for man's nobler faculties.
  • To be a success in business, be daring, be first, be different.
    • Marchant
  • I think any man in business would be foolish to fool around with his secretary. If it's somebody else's secretary, fine!
    • Senator Barry Goldwater
  • If a man goes into business with only the idea of making money, the chances are he won’t.
    • Joyce Clyde Hall, American businessman, founder of Hallmark cards.

External links

Wikipedia
Wikipedia has an article about:
Wiktionary-logo-en.png
Look up business in Wiktionary, the free dictionary

Study guide

Up to date as of January 14, 2010
(Redirected to School:Business article)

From Wikiversity

Welcome to Wikiversity's School of Business
Wikiversity Schools Main Page
.Wikiversity's School of Business is the online community's center of business education, and is committed to teaching and educating the online community in all matters related to business.^ This is all of the Business Entities that this Business Entity is related to.

 ^ Business has discovered online communication.
  • APPLICATIONS--Commerce 12 September 2009 5:05 UTC www.december.com [Source type: News]

 ^ NCDOT is committed to advancing North Carolina's economy by ensuring that ALL businesses have an equal opportunity to succeed.
  • NCDOT: Business 19 January 2010 9:53 UTC www.ncdot.org [Source type: News]
.The school aims to harness the community in writing Wikibooks, Learning Projects, and Learning Materials related to business.^ The County of Orange aims to bring various government agencies and services within easy reach of the business community.
  • Business - Orange County California 19 January 2010 9:53 UTC egov.ocgov.com [Source type: News]

 ^ Video: Business Planning & Research Successful entrepreneurs share the lessons they've learned about writing business plans.
  • Write a Business Plan | Business.gov 12 October 2009 10:28 UTC www.business.gov [Source type: News]

 ^ By working with government, community groups, businesses and industry WWF aims to find workable solutions to Australia's most pressing environmental challenges.
  • Sustainable industry -- WWF-Australia 25 January 2010 12:41 UTC wwf.org.au [Source type: News]

Departments

Divisions and Departments of the School exist on pages in "topic" namespace. Start the name of departments with the "Topic:" prefix; departments reside in the Topic: namespace. .Departments and divisions link to learning materials and learning projects.^ Resources Learning Library Link Library Software Library Article Library Product Reviews Home Tech Project Tips & Tricks Site Search Tools More...
  • HomeToys Home Technology Industry Resources 25 January 2010 12:41 UTC www.hometoys.com [Source type: General]

 Divisions can link subdivisions or to departments. .For more information on schools, divisions and departments look at the Naming Conventions.^ Take a look around for more information regarding the Cora Texas Manufacturing's Production and Factory Operations .
  • Cora Texas Manufacturing Produces Raw Sugar and Molasses 2 February 2010 8:50 UTC coratexas.com [Source type: General]

 ^ Take a look at some of the benefits that our members get and feel free to request more information on the benefits page .
  • Florida Automotive Industry Association 25 January 2010 12:41 UTC faia.org [Source type: General]

 ^ For more information, please contact our Member Services department at 1-800-762-3361 or complete the form below.
.Currently the School of Business is composed of the following areas of studies, modeled after recognized existing universities.^ The Business School offers the following programs of study: .
  • Business School 11 September 2009 15:28 UTC www.washington.edu [Source type: FILTERED WITH BAYES]

 ^ Written by a current university student studying business.

 ^ Click here to find out more about curriculum, different areas of study, faculty and staff, and other benefits of becoming a Mississippi State University College of Business student.
  • College of Business - Mississippi State University - Home 19 January 2010 9:53 UTC business.msstate.edu [Source type: News]

Degrees

Wall Street, Manhattan is the location of the New York Stock Exchange and is often used as a symbol for the world of business.

Masters

Doctoral

Core curriculum

.In order to form a good basic understanding of business, it is recommended that students visit General Studies of Business Administration and study the following courses as prerequisites for all other concentrations.^ All good businesses are personal.
  • Business Quotes - Quotations about Business 19 January 2010 9:53 UTC www.woopidoo.com [Source type: News]

 ^ Colleges are justified in imposing differential tuition—charging higher fees for certain courses of study such as business that pay more.
  • Debate Room Business School Archives - BusinessWeek 11 September 2009 15:28 UTC www.businessweek.com [Source type: News]

 ^ Click here to find out more about curriculum, different areas of study, faculty and staff, and other benefits of becoming a Mississippi State University College of Business student.
  • College of Business - Mississippi State University - Home 19 January 2010 9:53 UTC business.msstate.edu [Source type: News]
Quantitative
Electives
  • E-Commerce
  • Simulation of Business Systems
  • Supply Chain Management
  • Enterprise Resource Planning

School news

  • Thursday 9th August 2007 - Added 'Employee Training and Development' division added to 'Human Resource Management' department.
  • Monday 18th December 2006 - Main page updated.
  • Sunday 17th December 2006 - 'Principles of Management' lesson updated.

Active participants

The histories of Wikiversity pages indicate who the active participants are. .If you are an active participant in this school, you can list your name here (this can help small schools grow and the participants communicate better; for large schools it is not needed).^ Your small business is growing up.

 ^ We can help you maximize your margins by: .
  • Manufacturing - Inventory Management - Demand Forcasting - Supply Chain Management - Teradata 2 February 2010 8:50 UTC www.teradata.com [Source type: General]

 ^ Our guides and business software can help you grow your business .
  • NatWest - Business Banking 19 January 2010 9:53 UTC www.natwest.com [Source type: News]
  • Ray Shan
  • Prasenjit Paul
  • Humble Guy
  • JWSchmidt
  • Robbi G
  • Lisa M. Beeson
  • M. Judd Warren
Missqueenahearts 01:51, 22 July 2008 (UTC)

Resources

@Wikipedia

Wikibooks

.Please see business Wikibooks.^ Please let us know what information you'd like to see on doing business in Indonesia and we'll put it on our list for future development.
  • Doing Business in Indonesia 12 October 2009 10:28 UTC www.expat.or.id [Source type: News]

See also

External links

Other materials

Open source business software

Manufacturers

(Full) Google books

Related news

Archives

Simple English

A business is a method of organising work, where one or more people offer to sell products or services to other people for more money than it costs them to make or give it. The word business comes from the word busy and means being busy.

Some businesses are created to get more money for the owner of the business, others are created to give a service without getting more money, just to deliver the service and get some money.

The number of people who work for a business can be as low as one, such as a barbershop in a small village, or as many as hundreds of thousands of people all over the world, such as a company like Microsoft which makes computers and other electronics.

Some businesses do not need a fixed location, such as an office or a store. A carpenter or an electrician who works for himself usually brings everything they need for work in their truck. Fishermen who stay out at sea work out of their boats.

Business can also mean the work or current state of the business, as in doing business or business is good.

rue:Бізніс


Retrieved from "http://yak.rapint.com/wiki/Business"

Citable sentences

Up to date as of December 19, 2010

Here are sentences from other pages on Manufacturing, which are similar to those in the above article.








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