Business refers to the activity of providing goods or services in exchange for money, with the aim of generating profit. It encompasses a wide range of organizations, from small sole proprietorships to large multinational corporations. The core functions of a business typically include production, marketing, sales, and management, all of which work together to meet customer needs and achieve financial objectives. Businesses can operate in various sectors, such as retail, manufacturing, finance, healthcare, technology, and more. They are driven by market demands and are subject to economic, legal, and social regulations within their operating environments. Ultimately, the primary goal of a business is to create value for its stakeholders, including owners, employees, customers, and the community.
NHK is suing IBM Japan for ¥5.5 billion due to a contract termination over a delayed sales core system. IBM’s strategy shift led to a proposed 18-month deadline extension, severely…