Business | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-01-08

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Business


00:01:27 1 Forms
00:10:57 2 Classifications
00:14:03 3 Activities
00:14:12 3.1 Accounting
00:15:10 3.2 Finance
00:15:54 3.3 Manufacturing
00:16:31 3.4 Marketing
00:17:30 3.5 Research and development
00:18:08 3.6 Safety
00:19:04 3.7 Sales
00:19:29 4 Management
00:20:35 4.1 Restructuring state enterprises
00:21:53 5 Organization and regulation
00:27:42 5.1 Commercial law
00:30:05 5.2 Capital
00:32:41 5.3 Intellectual property
00:34:05 5.4 Trade union



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Speaking Rate: 0.7577096428255531
Voice name: en-GB-Wavenet-B


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- Socrates


SUMMARY
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Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services). Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors."Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business.  If the business acquires debts, the creditors can go after the owner's personal possessions.  A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates.  A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner.