any organization that uses resources to meet the needs of customers by providing a product or service that they demand

adding a value to resources such as raw material and semi-finished goods

physical and tangible goods sold to the general public

non-tangible products that are sold to the general public

physical goods that are used by industry to aid in the production of other goods and services

where the consumers must not only want the output, but must also be willing to pay for it

revenues generated exceeds the cost

operations management, marketing, finance and human resources management

land, labour, capital and enterprise

industries that extract natural resources so that they can be used and processed by other firms

firms that manufacture and process products from natural resources

firms that provide services to consumers and other businesses

a business in which one person provides the permanent finance and has full control of the business

a business formed by two or more people to carry on a business together, with shared capital investment and shared responsibilities

a small to medium-sized business that is owned by shareholders who are often members of the same family

a limited company often a large business, with the legal rights to issue shares to the general public

a business uses the name, logo and trading system of an existing successful business

a legally constituted body with no participation or representation of any government