For example, the true property business, advertising business, or mattress production business are industries in which a business can exist. Because the time period “business” could be interchanged with day-to-day operations in addition to the general formation of a company, the time period small business is commonly used to point transactions concerning an underlying product or service. Business sizes range from small owner-operated firms, corresponding to household eating places, to multinational conglomerates similar to General Electric.

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