A business is an organization or enterprising entity engaged in commercial, industrial or professional activities. A company transacts its activities through the production of a good, offering of a service or retailing of already manufacture products. It can be a for-profit entity or a nonprofit organization that operates to fulfill a charitable mission.
A company may describe its businesses by communicating the industry in which it operates. For example, the real estate, advertising or mattress production are industries in which a business can exist. Because the term can be interchange with day-to-day operations as well as the overall formation of a company. Moreover, the term is often used to indicate transactions regarding an underlying product or service. For example, Exxon Mobil transacts business in providing oil.