UK Accounting Glossary
A business is an organisation or economic system where goods and services are exchanged for one another or for money.
Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.
Businesses can be privately owned, not-for-profit or state-owned. An example of a corporate business is PepsiCo, while a mom-and-pop catering business is a private enterprise.
Business is booming.
I’m in London on business.
I have a business appointment on Tuesday.
The business was growing so quickly it could barely keep up with all the orders coming in.
My partner is in the frozen food business.
Paulina left her job in finance in order to start her own daycare business because she believed it would allow her to spend more time with her own children.
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This glossary post was last updated: 14th January 2020.