Business refers to the organized efforts and activities of individuals or groups to produce, sell, and distribute goods or services for profit. It encompasses a wide range of activities, including manufacturing, retail, services, and finance. Essentially, business involves the exchange of value between parties, typically where a seller offers goods or services and a buyer pays for them. Businesses can vary in size from small sole proprietorships to large multinational corporations and can operate in various sectors such as technology, healthcare, agriculture, and finance. The primary goal of a business is often to generate profit, though many businesses also aim to create social value, innovate, and fulfill customer needs. Business operations involve various functional areas, including marketing, finance, human resources, and operations management, which work together to achieve organizational objectives.