Automotive

Stellantis wants to outfit cars with AI to drive up revenue

Carmaker Stellantis announced a strategy Tuesday to embed AI-enabled software in 34 million vehicles across its 14 brands, hoping the tech upgrade will help it bring in 20 billion euros ($22.6 billion) in annual revenue by ...

Business

Sweden's Ericsson to buy US cloud operator Vonage

Ericsson said Monday it was acquiring US cloud-based communications provider Vonage, in the Swedish company's biggest acquisition in recent memory as it widens its operations beyond its traditional telecommunications equipment ...

Business

India's biggest-ever IPO Paytm slumps by 27% on market debut

Indian mobile payments giant Paytm lost more than a quarter of its value on its market debut Thursday after raising $2.5 billion in the country's biggest-ever IPO, as traders questioned whether the loss-making firm would ...

Business

Uber resumes shared rides in US

Ride-hailing giant Uber has resumed its ride-sharing service in the United States, a top executive announced Tuesday, offering customers in Miami a feature that was stopped last year because of the COVID-19 pandemic.

Business

DoorDash takes aim at Europe with purchase of Wolt

DoorDash has added Europe to its menu with the purchase of Finland-based food delivery firm Wolt in an all-stock deal valued at $8.1 billion, the company announced Tuesday.

Business

Japan's Toshiba to split into three firms

Storied Japanese conglomerate Toshiba will split into three companies, it said Friday, following a campaign by investors to boost the firm's shares after a period of enormous upheaval.

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Business

A business (also called a firm or an enterprise) is a legally recognized organization designed to provide goods and/or services to consumers. Businesses are predominant in capitalist economies, most being privately owned and formed to earn profit that will increase the wealth of its owners and grow the business itself. The owners and operators of a business have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk. Notable exceptions include cooperative enterprises and state-owned enterprises. Socialist systems involve either government agencies, public ownership, state-ownership or direct worker ownership of enterprises and assets that would be run as businesses in a capitalist economy. The distinction between these institutions and a business is that socialist institutions often have alternative or additional goals aside from maximizing or turning a profit.

The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage (above) to mean a particular company or corporation, the generalized usage to refer to a particular market sector, such as "the music business" and compound forms such as agribusiness, or the broadest meaning to include all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate.

Business Studies, the study of the management of individuals to maintain collective productivity to accomplish particular creative and productive goals (usually to generate profit), is taught as an academic subject in many schools.

This text uses material from Wikipedia, licensed under CC BY-SA