Nature and Purpose of Business

The Nature and Purpose of Business encompasses the fundamental reasons for the existence of businesses and their various forms. This category explores how enterprises create value, serve customer needs, and contribute to economic development and social well-being. It delves into the organizational structure of different types of businesses, the roles they play in society, and their impact on the environment. By understanding the multifaceted purposes behind business operations, individuals can better appreciate the intricate relationship between businesses and the world around them.