A business is a commercial enterprise engaging in industrial or professional activities undertaken by an individual or a group to earn profits and appreciation.
Option - 1 and 2, 3
Explanation:
An organization exchanges commodities for cash. Every company needs a certain type of investment and a particular number of customers to whom its production can be purchased consistently for profit.
Companies may be owned privately, not profitably, or governmentally.
For example: PepsiCo company, whereas a catering locally owned company is a private company.
The legal structure of the company must also be determined. No matter what type of company, the permits may have to be purchased, residency requirements met and licensing obtained to operate legally. Industries are considered legal entities in many countries, which means the company can have own land, take debts and be tried in court.
