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Business

Business is the activity of making ones living or making money by producing or buying and selling products. Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owners personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially but not by lawyers or by public officials to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates. A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner.

Business acumen

Business acumen is keenness and quickness in understanding and dealing with a "business situation" in a manner that is likely to lead to a good outcome. Additionally, business acumen has emerged as a vehicle for improving financial performance and leadership development. Consequently, several different types of strategies have developed around improving business acumen.

Business directory

A business directory is a website or printed listing of information which lists businesses within niche based categories. Businesses can be categorized by niche, location, activity, or size. Business may be compiled either manually or through an automated online search software. Online yellow pages are a type of business directory, as is the traditional phone book. The details provided in a business directory may vary. They may include the business name, addresses, telephone numbers, location, contact information, type of service or products the business provides, the number of employees, the served region and any professional associations. Some directories include a section for user reviews, comments, and feedback. Business directories in the past would take a printed format but have recently been upgraded to websites due to the advent of the internet. Many business directories offer complimentary listings in addition to the premium options. There are many business directories and some of these have moved over to the internet and away from printed format. Whilst not being search engines, business directories often have a search function, enabling users to search businesses by Zip Code, country, state, area or city.

Business economics

Business economics is a field in applied economics which uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with labour, capital and product markets. A professional focus of the journal Business Economics has been expressed as providing "practical information for people who apply economics in their jobs." Business economics is an integral part of traditional economics and is an extension of economic concepts to the real business situations. It is an applied science in the sense of a tool of managerial decision-making and forward planning by management. In other words, business economics is concerned with the application of economic theory to business management. Business economics is based on microeconomics in two categories: positive and normative. Business economics focuses on the economic issues and problems related to business organization, management, and strategy. Issues and problems include: an explanation of why corporate firms emerge and exist; why they expand: horizontally, vertically and spacially; the role of entrepreneurs and entrepreneurship; the significance of organizational structure; the relationship of firms with employees, providers of capital, customers, and government; and interactions between firms and the business environment.

Business for Peace Foundation

Business for Peace is a non-profit foundation based in Oslo, Norway. Each year, the foundation names up to seven Honourees who receive the Oslo Business for Peace Award, in recognition of their individual and outstanding businessworthy contribution to the building of trust, stability and peace. The Honourees are selected by an independent committee composed of winners of either the Nobel Peace Prize or Nobel Memorial Prize in Economic Sciences. The Foundation works worldwide to promote a better understanding of how ethical and responsible business can contribute to building trust, stability and peace. Each year, the foundation arranges the Oslo Business for Peace Summit, which concludes with the presentation of the award to that years Honourees.

Business guru

A business guru or management guru is a leading authority on business practices and can be defined as a person with influential ideas or theories about business. The earliest use of the term business guru can be tracked back to the 1960s being used in Business Week. There are no existing qualifications that make someone a business guru. Anyone can become a business guru by making impact in a particular business field. Its also possible to claim to be a business guru at any time. Its not a title. The lists of people who have been accepted as business gurus have constantly changed over time. However, there are some people who have been accepted by a great majority as a business guru and also some organizations which have created their own lists of gurus. One English writer has described management gurus as "overwhelmingly a US phenomenon."

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