Business The organization: A group of people, with common purpose Providing goods and services to satisfy customer requirements in order to maximize profit An enterprise, commercial entity, or firm in either the private or the public sector, concerned with providing products or services to satisfy customer requirements. ■ The process: a The organized effort of individuals to produce and sell, for profit, the products and services that satisfy societv's needsBusiness ◼ The organization: ◼ A group of people, with common purpose ◼ Providing goods and services ◼ to satisfy customer requirements ◼ in order to maximize profit ◼ An enterprise, commercial entity, or firm in either the private or the public sector, concerned with providing products or services to satisfy customer requirements. ◼ The process: ◼ The organized effort of individuals to produce and sell, for profit, the products and services that satisfy society’s needs