A business is simply _____.

A business is primarily defined as an organization that carries out the sale or exchange of goods and services. This definition encompasses a broad range of activities, including the production, distribution, and sale of products and services aimed at meeting consumer needs and desires. The core function of a business revolves around this exchange process, making it the essential element that characterizes all business operations.

While a business may also be profitable and may hire employees, these aspects are not fundamental to the definition of a business itself. Some businesses are non-profits, and not all organizations that hire people are engaged in sales or exchanges in the traditional sense. Thus, the definition focuses specifically on the activity of engaging in commerce or trade, which is what fundamentally distinguishes a business from other types of organizations.