6.1.1 Business Definition

For this activity:

You will need to write down your answers in your Mahara e-portfolio.

Task: What is a business? Compose a definition.

For this task think of all the aspects of what makes a business. You should consider the motivation behind business or what makes a business transaction. 

It may help to answer the following questions: What is a product or a service, and what is the role of a consumer?

Once you have completed the task, research the definition on the internet and see if the range of definitions differ from yours. 

Compile a suitable definition from your research.