Whois & Analysis for cips.org

A business (also known as an enterprise, a company or a firm) is an organizational entity involved in the provision of goods and services to consumers.

Businesses serve as a form of economic activity, and are prevalent in capitalist economies, where most of them are privately owned and provide goods and services allocated through a market to consumers and customers in exchange for other goods, services, money, or other forms of exchange that hold intrinsic economic value.

Businesses may also be social non-profit enterprises or state-owned public enterprises operated by governments with specific social and economic objectives.

A business owned by multiple private individuals may form as an incorporated company or jointly organise as a partnership.

Countries have different laws that may ascribe different rights to the various business entities.

In economics, goods are materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.

A common distinction is made between goods that are tangible property, and services, which are non-physical.

A good is a consumable item that is useful to people but scarce in relation to its demand, so that human effort is required to obtain it.

In contrast, free goods, such as air, are naturally in abundant supply and need no conscious effort to obtain them.

A profession is a vocation founded upon specialized educational training, the purpose of which is to supply disinterested objective counsel and service to others, for a direct and definite compensation, wholly apart from expectation of other business gain.

The term is a truncation of the term "liberal profession", which is, in turn, an Anglicization of the French term "profession libérale".

Originally borrowed by English users in the 19th century, it has been re-borrowed by international users from the late 20th, though the (upper-middle) class overtones of the term do not seem to survive retranslation: "liberal professions" are, according to the European Union's Directive on Recognition of Professional Qualifications (2005/36/EC) "those practiced on the basis of relevant professional qualifications in a personal, responsible and professionally independent capacity by those providing intellectual and conceptual services in the interest of the client and the public".

The Chartered Institute of Procurement & Supply (CIPS), formerly the Chartered Institute of Purchasing and Supply, is a United Kingdom-based global professional body working for the purchasing and supply professions.

With an objective of "leading excellence in procurement and supply", it aims to promote good practice and provides services for the benefit of a procurement community of 115,000 members.

In economics, a service is a transaction in which no physical goods is transferred from the seller to the buyer.

The benefits of such a service are held to be demonstrated by the buyer's willingness to make the exchange.

Public services are those that society (nation state, fiscal union, region) as a whole pays for.

Using resources, skill, ingenuity, and experience, service providers benefit service consumers.