What is a business?

Many people think that a business is an organisation that sells.

But what do they sell?

Businesses

  • Create jobs  
  • Create wealth 
  • Create something from nothing.
  • Provide a service or a product.
  • Solve a problem. 
And that is why people are willing to pay for the product or service.  
Do you want to start a business?

Activity :

Name some businesses you use.

Do they provide services or products? 

What problem is the business solving?

Name the activities (steps) that a business has to do to provide the product or service.

Why do you do business with a particular business? How do you make your choices?