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[QUOTE="Ephy, post: 77377, member: 23353"] Business is any economic activity that is carried out with an aim of making profits. These are activities are carried out by individuals or organisations. Every day people are involved in various activities to satisfy their basic needs. In business we deal with things like production, distribution and consumption. Production it the act of creating goods or products and services like manufacturing and farming. Distribution is the act of moving products from the producers to the final users who are the consumers or to the industry for manufacturing then to the market. Consumption is the final act in business which involves using of the products by the customers or consumers. Business also includes services that are intangible and cannot be transferred from the owner for example lawyers, teaching and banking. [/QUOTE]
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