What Is a Business?

The primary purpose of a business is to maximize profits for its owners or stakeholders while maintaining corporate social responsibility.

Organization helps businesses achieve focus and success in reaching their goals.

In today's business environment, ascertaining market needs is vital for a firm's future viability, and even existence, as a going concern.

Profit is equal to a firm's revenue minus its expenses, while value is the present value of the firm's current and future profits.

A stakeholder is any group or individual who can affect or who is affected by achievement of a group's objectives.

Nonprofits play a vital role in society by focusing resources and providing services to community needs without regard to profit.