Business refers to the organized activity of individuals or groups engaged in the production, distribution, and sale of goods and services for profit. It encompasses a wide range of activities, from small sole proprietorships to large multinational corporations. The main objectives of a business are typically to generate revenue and create value for its owners or shareholders while fulfilling the needs and wants of consumers. Businesses can operate in various sectors, including manufacturing, retail, service, and technology, and can take different forms, such as corporations, partnerships, and sole traders. Successful businesses often focus on effective management, marketing, financial planning, and innovation to achieve their goals and maintain competitiveness in the marketplace.