What is a Business? - Definition, Characteristics & Examples


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question 1 of 3

According to the definition of businesses, businesses are focused on

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1. Who of the following is a well-known professor of business?

2. Businesses are ______.

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About This Quiz & Worksheet

Test your knowledge of business with this assessment. It will ask students questions about the definition and characteristics of business.

Quiz & Worksheet Goals

Students who take the quiz/worksheet will need to answer questions about:

  • The definition of business
  • Business organization
  • Goals of businesses and non-profit organizations
  • Examples of businesses
  • The individuals who make up a business

Skills Practiced

Students who take the assessment will be practicing these skills:

  • Reading comprehension - read and pull key information from the associated lesson on the characteristics of business
  • Defining key concepts - correctly define terms like business
  • Distinguishing differences - compare and contrast the goals of businesses and non-profit organizations
  • Knowledge application - use your knowledge to identify examples of businesses

Additional Learning

To learn more about this topic, check out the related lesson, What is a Business? - Definition, Characteristics & Examples. It will help you achieve these goals and objectives:

  • Define business
  • Identify the characteristics of business
  • Look at examples of businesses
  • Describe 'profit-seeking' and other terms related to business