What is business?

The business is the trading done by a group of people organized to make a profit by producing and selling goods or services to meet the needs of consumers.Entrepreneur or businesses should be able to combine 4 kinds of resources: 1. Material resources 2. human resources 3. financial resources 4. information resources. The nature of the Company The Company is a dynamic, progress or setbacks as it moves through its life cycle. changes in economic and market conditions require a rethinking of corporate strategy methods and means used to deal with it.Purpose Business Any business or company is trying to process the material to be used as needed by the consumer products products can be goods or services. The company's goal is to make products at a profit, the benefits derived from the provision of a company's products for consumers. 4 factors of production within the company: 1. Natural Resources 2. Human Resources 3. Capital 4. Information. Brown and Petrello (1976) "Business is an institution roommates produces goods and services by people DEMANDED." That business is an organization that produces goods and services needed by the community. If the needs of the people, the business agency also will increase its development to meet these needs, while gaining profit.Steinford (1979) "Business is all those activities INVOLVED in providing the goods and services needed or Desired by people". In this sense the business as an activity that provides goods or services required or desired by the consumer. Can be done by corporate organizations that have a legal entity, a company that has business entities, and individuals who do not have the legal entity or entities such as street vendors, small shops that do not have Business Location Permit (SITU) and Business Location Permit (Business License) and other informal business.Griffin and ebert (1996) "Business is an organization that provides goods or services in order to earn profit". In line with these definitions, business activities through the provision of goods and services aim to generate profit (profit). A company is said to produce a profit if total revenue in the period (Total Revenues) is greater than the total cost (Total Costs) in the same period. Profit is a major attraction for business activities, so through profit businesses can develop their business scale to large profit increase of more.Hughes and Kapoor "Business is the organized effort of individuals to produce and sell for a profit, the goods and services that satisfy societies needs. The general business terms refer to all such efforts within a society or within an industry. That business is an individual's business activities are organized to produce and sell goods and services in order to gain advantage in meeting the needs of the community and in the industry. People who seek money and time by taking risks in conducting business activities called Entrepreneur.Allan Afuah (2004) Business is a set of activities undertaken to create a way to develop and transform various hoarse resources into goods services or desired consumer.Glos, Steade and Lowry (1996) Business is the sum of all activities organized by people working in the field of commerce and industry that provide goods and services to the need to maintain and improve the standards and quality of life of those goods or services consumers Desired.Musselman and Jackson (1992) An activity that meets the needs and desires economic community and the company organized to engage in such activity. Similarities and differences in the definitions contained Equation In general, business definitions cited by business experts that businesses are likely to be similar activities organized to produce goods or services to meet customer needs. And is aimed at generating profit (profit), which is then profits are used to try to increase the company's profits or greater.