business organization

business organization

noun
a commercial or industrial enterprise and the people who constitute it; "he bought his brother's business"; "a small mom-and-pop business"; "a racially integrated business concern" [syn: business
WordNet® 3.0, © 2006 by Princeton University.
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Encyclopedia Britannica
Encyclopedia

business organization

an entity formed for the purpose of carrying on commercial enterprise. Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation.

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Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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