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A company or association of persons can be created at law as legal person so that the company in itself can accept limited liability for civil responsibility and taxation incurred as members perform (or fail) to discharge their duty within the publicly declared "birth certificate" or published policy.Because companies are legal persons, they also may associate and register themselves as companies – often known as a corporate group.Government-run businesses may aim to maximize some measure of social welfare.and originally from the Late Latin word companio "companion, one who eats bread [pane] with you", first attested in the Lex Salica as a calque of the Germanic expression *gahlaibo (literally, "with bread"), related to Old High German galeipo "companion" and Gothic gahlaiba "messmate". Usage of company to mean "business association" was first recorded in 1553, and the abbreviation "co." dates from 1769.Examples include "segregated portfolio companies" and restricted purpose companies.There are, however, many, many sub-categories of types of company that can be formed in various jurisdictions in the world.
A business can also be described as an organization that provides goods and services for human needs.
The sense of "a person's work, occupation" is first recorded late 14c.
(in late Old English big (adj.) appears as a noun in the sense "occupation, state of employment").
The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale.
Marketing is defined by the American Marketing Association as "the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large." The term developed from the original meaning which referred literally to going to a market to buy or sell goods or services.