A business is defined by the US Department of Commerce as any organization or entity engaged in business for profit, or a for-profit entity engaged primarily in commercial or industrial activities. Businesses may be for profit entities or nonprofit organizations that work to meet a personal, educational, scientific, political, or social goal. In general, a business is any entity that offers the services or products for sale. Business entities can also be in the manufacturing process of a product, service, or even a combination of both. Businesses include companies, partnerships, joint ventures, and limited liability companies. Some business types are very large and powerful organizations, such as corporations, financial institutions, government agencies, and labor unions. Other business types are medium to small organizations, such as retail stores and private households. When starting up a business enterprise, many considerations should be considered. First, decide on the company'...
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