“Бізнес” (business in English) refers to the organised effort of individuals to produce and sell goods and services for profit. It encompasses various activities related to the creation, operation, and management of a commercial enterprise. A business can take various forms, including sole proprietorships, partnerships, corporations, and cooperatives.
The primary objective of a business is to generate revenue and create value for its owners, stakeholders, and customers. It involves decision-making processes that relate to the production of goods or services, marketing strategies, financial management, and customer relations.
Businesses operate within a market environment, responding to the needs and demands of consumers while navigating competition and economic factors. They can vary in size from small local enterprises to large multinational corporations, each contributing to the economy by providing jobs, innovations, and services that enhance the standard of living.
Overall, “бізнес” is a fundamental component of economic systems, driving growth and development by facilitating trade and production.
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