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- What is a Business?
What is a Business?
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August 31, 2021 at 9:31 am #18966
Brielle BucklerParticipantIn this unit, we discussed what makes a business a viable enterprise, and what “counts” as a business. We all come in contact with businesses every day, many without even realizing.
Think about a single day this week, and describe the businesses you interacted with. Think about what you ate, where you went, how you got there, the technology you used to get things done, etc. Then, categorize the businesses on your list into either for-profit or not-for-profit/nonprofit businesses, and describe whether the businesses sell products or services.
What kinds of businesses, based on your list, do you interact with most often? Do you see a pattern? What other types of businesses do you frequent not on this list?
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In order to receive full credit for this assignment, you must first post your own response to the question(s) above by Friday, November 3 at 11:59pm ET. You then must comment meaningfully on at least two classmates’ posts by Sunday, November 5 at 11:59pm ET.
This assignment is worth a total of ten (10) points — 6 possible points for your original post, and up to 2 points for each of the two responses to your classmates’ posts. Please reference our Discussion Rubric for more information, and to this guide from MSSU to learn more about what it means to respond meaningfully to a classmates’ post.
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November 1, 2023 at 5:32 pm #19468
Juaddy LajaraParticipantI typically follow the same routine every week, so this week I have gone to multiple food restaurants, I have gone to T-Mobile, and I have also gone to my local boys and girls club. It is interesting when speaking about food because when I think about it they offer both products, that being what we consume as well as a service, with that consisting of dine in and hospitality when you are there. T Mobile is a company that offers products and services as well and they would fall under the for profit sector. Lastly the boys and girls club is a non profit organization offering career and youth development services.
As it was stated in the beginning of the reading “Business is everywhere, in everything we touch, we eat, we see, we smell, and we feel. Oh, not always directly, but in one way or another business is there. It’s like the air that we breathe—mostly invisible, but always present.” This statement is very strong and allows me to add to my point of what I believe is a business. A business is an organization engaged in all subject matters that is offering services and goods for those in the public who need to consume this service or good.
In my personal life one business that I feel like I have interacted with hundreds and hundreds of times is the food business. Whether I walk in to a Wendy’s and order a combo or whether I go to my local supermarket and purchase something to cook I purchasing products that fulfill and need in my life everyday.
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November 2, 2023 at 12:14 pm #19470
Darryl GunawanParticipantI totally agree with what you said especially that business is basically everywhere but it is not always directly right in front of us. To declare that, I would say nowadays the way business works is also shifting from conventional method into more modern system where they are converting it into online technique and it also catches more engagement compared to the old system. However, the old system or you can say the “OG” also could not be removed since the old-fashioned method will always stay up. This is to say that the new innovation does not come to change but to gives more options for the consumer to get them the best way to do the business.
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November 4, 2023 at 4:52 pm #19520
DavidParticipantI agree, that it is impossible to live without business, we all need products, personally, I am very grateful for the world we live in where the purchasing power we have can be used however we want, whether to grow that purchasing power or to spend it, I also think That food stores, like you mentioned Wendy’s and supermarkets, are a great advantage that we have in our society. Imagine obtaining the products, and the machines, and then cooking is quite a lot of work. We live in a free trade market that allows us to be buyers or sellers where the limit is the sky.
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November 5, 2023 at 11:19 pm #19558
MuhammedParticipantYou’re right about the food industry offering both products and services: the service that you get when dining in and the actual food itself. When you think about it that is why we pay tips when eating at a restaurant. I also agree with the quote you referenced that business is all around us. Business comes in different shapes and sizes and the main goal of a business is to fulfill a demand.
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November 5, 2023 at 11:30 pm #19563
LinaParticipantI think the same way as everyone else, business is everywhere. It’s challenging to live without business because capitalism makes life easier for most people. I know a bunch of people complain about the system as it can be unfair at times but everyone putting in effort for specific aspects and then sharing is much better than doing everything yourself. Although I don’t believe it’s impossible to live without business it does make things a lot more difficult. Business is everywhere in cities as everyone interacts with one another helping one another.
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November 6, 2023 at 12:09 am #19572
Janet AmendanoParticipantyes, I agree with you I always purchase food in my local supermarket because I love to support local businesses when it comes to selling fresh food. a lot of people from my neighborhood have always purchased food from them. they are known to sell fast and listen to customers. This is a good way to keep your business running.
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November 21, 2023 at 7:52 pm #19802
Brielle BucklerParticipantYou make a great point about food service, Juaddy. If we purchase food at a grocery store, that’s a product, but at a restaurant, the service is food preparation.
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November 2, 2023 at 12:07 pm #19469
Darryl GunawanParticipantOne of the businesses that I had interacted during this week was Starbucks, It is a for-profit business that I have been visiting it there for plenty of times and recognized that this particular chain business has thrived within our society due to its approaches to the majority of the social on a daily-basis consumption purposes.
Starbucks is having a strategy that includes an introduction of the loyalty membership program that also contains a digital wallet that could handle our balance on their platform as a way to gain more points. In return, they would receive more “money” that people has been deposited into their account and the company could utilize these funds for various purposes. This kind of multi-purposes business is nowadays getting more popular since the technology is getting more advanced and people really taking advantages of its benefits that making their life easier and so on. It created the cycle of the mutually beneficial exchange between the company and the costumers. This is one of the example of businesses that could follow the flow of the social trend. So, basically, I believe that Starbucks is not only a café business that sells coffee but they also sell the value of its service where they served really well operation and also could make their loyal customer keeps going to the same place for longer period.
Another business that I had seen on the internet lately is called SaveTheChildren. It is a non-profit organization that sells a product that is meant for the people that are in need. This kind of business is also part of the charity program that helped some populations in the whole world and the organization connects the donator with the receiver around the world regarding the resources that could help some particular of the society that are having a hard time.
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November 4, 2023 at 5:08 pm #19522
DavidParticipantI love your analysis. I have a question. Do you use a digital wallet? I use Webull. I agree with what you mentioned about Starbucks. When there is a mutual benefit as a consumer, we tend to be quite loyal customers of this type of company. What I love about these companies is that we can be clients and partners at the same time through the purchase of shares.
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November 5, 2023 at 7:02 pm #19536
JacobParticipantReading your day to day dealings with business for profits is very similar to my ways of encountering business everyday, to add on your non-profit to SaveTheChildren is a huge benefit for what happening in the world today and I hope it can be recoginze more.
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November 5, 2023 at 11:31 pm #19564
MuhammedParticipantStarbucks is a great example of an innovative business that thinks about how it interacts with its customers. I agree that they keep up with the current trends of technology and they leverage it to be as efficient as possible. They think past just selling coffee and go above and beyond to sell a service that is convenient to its customers and is up to date in today’s digital age.
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November 2, 2023 at 12:43 pm #19471
Karim BadriParticipantThinking about earlier this week when I had to come in for a physical class, I think the business I interacted with the most was a Deli. Any time I walk into one, I always order a BEC (bacon, egg, and cheese) with a Green Tea Arizona. Virtually all delis I have ever stepped foot into are for-profit businesses that engage in selling products to consumers.
Afterward, I took the train to Park Place and walked the rest of the way to Fitterman Hall. The subway is another business I interacted with, but something I noticed that I’ve been doing more often is using my card directly on the turnstiles rather than getting a physical metro card. It reminded me of the reading when they said, “The world of business today can be summed up in a single word: change. And not just change, but rapid change.” This is especially true for modern times; we’re seeing advancements in technology and business in a way that’s jarring or too fast to comprehend for the average person to want to understand. To add to that, the NYC Metro is not a non-profit organization but instead is a public benefit corporation that deals in providing a service (public transportation) rather than goods/products. The key difference is that non-profits have no owners or shareholders while public benefit corporations do.
As a New York resident, I’m more than sure that pretty much anyone who reads this has had the exact same experience as me. The businesses we interact with constantly are a reflection of consumer needs and cater to the necessities of the average citizen, whether that happens to be food, drinks, grocery items or just needing to get from point A to point B without having to walk miles upon miles.
One business that I do frequent that isn’t on the list is hobby shops. I love picking out art supplies or picking up new TTRPG books and immersing myself in something that isn’t school/work related. Most of the time, hobby shops are for-profit businesses that sell goods/products to consumers based on WANTS rather than NEEDS (I happen to have a lot of wants).
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November 4, 2023 at 12:13 pm #19517
Armani WarnerParticipantKarim your reflection underscores how businesses, from delis to public transportation, are integral to your daily live and adapt to the ever-evolving landscape of technology and consumer needs. It also highlights the diverse roles that for-profit businesses play in enriching our lives and providing us with both essentials and indulgences. I totally agree with your point on wants, I often find myself impulse buying myself and having purchases I later regret or have to return.
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November 5, 2023 at 6:31 pm #19532
Juaddy LajaraParticipantHi Karim,
Your explanation of what a business is, is spot on to me. I think that just like you mentioned it is important for us to understand a key component of every business is to offer consumer needs and serve to our necessities.
I also find it very interesting your emphasis in all caps on how for-profit businesses focus on selling goods and products to make money by offering goods that consumers want. Being that these products are not serviceable to living like food is it makes it more of a clear factor that the goal is to make money by targeting a specific audience.
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November 2, 2023 at 1:25 pm #19472
DavidParticipantWhat is a Business?
In definition, a business is any organization that offers goods and services in an attempt to earn profit the video shows us that there are bases for a business and a model to follow with respect to goods and services the video showed us that a good can be a book something tangible and the case of service can be a haircut and there are businesses that are hybrids, which means that they offer good and services. In a restaurant, for example, the waitress offers a service while the food is a good. I would like to add another type of example. A fish shop is also a hybrid business the product could be fish, shrimp, etc. At the same time, it is a service because when they do us the favor of cleaning them, they are providing us with a service. The next base we have is revenue, which is the result of the number of items sold multiplied by the value of the item. For example, when we buy on Amazon we call it revenue, businesses validate what we call product market fit and it a very important, revenue is not only for covering your business operations but also represents consumers that value what we do. this revenue we cannot keep it a business it doesn’t work like that.so in addition to the revenue we have to factor out what we call expenses we are referring to the cost of running the business,as example we have payroll costs,cost to pay the labor and the personnel that help us to operate our business model,pay advertising,expenses,facility expenses, utility expenses,taxes,interest debt if there is debt,insurance,etc.all these things get factored out,so the differences between revenue and expenses becomes profit in a few words that’s what the business earn after covering all their expense, profit is important for a couple of reasons is that a business needs profit to be able to reinvest back into the business therefore earn more revenue and then earn more profit with no profit a business does not have the funds necessary to make investments like purchasing additional equipment, inventory, paying down debt, investing and pursuing new marketing channels profit is not neccesary only adding value. revenue is all about value creation. However, profit represents its ability to do that, it’s able to operate a business. profit shows us if a business is working or not. Profitability is very important for reinvesting and growing your business over time. the second thing why profit is important is because for many owners, profit resents earnings and if the business is profitable then the owners can potentially draw on that profit and pay themselves for the hard work of starting and growing the business. There is also this idea of free markets, a free market has the ability to decide what they’re going to create and offer to someone and consumers can decide if they want to buy and that is created to get a mutually beneficial exchange we have two parts buyer and seller. a buyer agrees to pay money for a product and a Seller agrees to provide a product and both are happy. So the idea of free markets is buyers and sellers being able to engage in transactions on their own without any kind of being forced to do so. In a business, we have to know what the buyer wants and solve a problem If we want to get revenue. In summary, a business is an organization that offers a product, whether a good or service, or even both. A business needs buyers. These buyers are our revenue. By covering all the expenses of our business, we obtain the money earned by the business, which we call profit. Profit is extremely important. If a business does not have a profit, it is an indicator that the business is not working. This profit is not to be taken and spent on whatever the owner wants, on the contrary, it is to be reinvested to obtain more sales and then more profit. -
November 3, 2023 at 2:49 pm #19495
BridgetParticipant<span style=”font-weight: 400;”> What is a business well, A Business is everywhere, it provides goods and services to consumers. a business can range from having a small boutique to a big corporation like a hospital for instance. it can be either profitable or non profitable. Most Businesses ideal outcome is to have revenue is order to increase their profits throughout time. Profit is basically the amount of money the business makes in order to keep their company running and expand in the future it is all a process. if there is no profit in the business it is very difficult for the business to remain open because it need the money in order to maintain employees , their good or service that they provide and money for the owner itself and Management etcc. So its important for a business to make some profit unless its a non profitable business. Non-profitable business means that they provide goods and services in making no return in profit. </span>
<span style=”font-weight: 400;”> Throughout my week I’ve encountered many businesses such as the MTA , Retail stores (Sephora ,Zara etcc) , Coffee shop like Starbucks, gas station and a Doctors appointment and the Gym. All of these business are profitable. Most of the businesses serve products the only one that provides a services is MTA and Doctors Office. The MTA allows me to commute from place to place for instance I used the MTA to travel to campus for my classes of the day and to go back home or go to other places throughout the week. This week I also had a doctors appointment which is a service rather than a product because my doctor is providing a checkup and my insurance is in charge of paying for the service both are businesses. This week I’ve also gone to retail stores their purpose is to promote products so then the consumers or customers can buy from them which is me. Starbucks is a hybrid business meaning it provides goods and services. Starbucks has baristas which provide us services in taking our order and making the drink the product is the drink itself. The Gas station that I went to this week provides good and services as well. in this case the product I will be receiving is gas for my car and the service is the person assisting me with the gas and then I would pay for both the gas and service of the person assisting with the product which is a hybrid business. The Gym is another business I go to the gym everyday and they are a hybrid business as well. their facility provides me service where I can go and work out using their equipment. the product would be the machines itself such as weights and electric machinery and another product that they sell would be protein drinks and snacks. all of these companies are very different to each other but not so different at the same time because their purpose of having this business is to make money “profit”. Most of the businesses I mentioned are part of my weekly life. </span>
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November 5, 2023 at 11:32 pm #19565
Lauren DeFrancisParticipantBridget, I appreciated how you provided an insightful description on what a business is and the various forms on how it operates. It’s clear you thought deeply about how certain businesses, like your job, impact your life. Your examples, both for-profit and hybrid, illustrate the diverse ways a business can provide goods to a customer and enhance our understanding of the business world. Your reflection on how profit is essential for the sustainability and growth for most businesses adds to your response. And your real life examples, the MTA, retail stores, the gym, supports your points and makes your post engaging. Well done!
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November 3, 2023 at 2:55 pm #19496
Raymond FlemingParticipantWhile I travel to work every day, there are 2 businesses that are mandatory that I visit daily.
The first business is U.S.P.S. The United States Postal Service. This is a for a profit business that has built their infrastructure on efficient logistics. This business offers a service in which mail, parcels, and packages can be delivered to any address in the nation. The U.S.P.S. utilizes resources such as vehicles, commercial buildings, and even machinery to fulfill the service that they offer its customers. The extensive employee training, and use of human labor plays an important part in its daily operation. So why do I visit my local post office every day? When I sell a product online (Ebay, Amazon, Etsy) e-commerce platforms, I drop my packages off there. My shipping labels I usually print at home, although in many instances I may have run out of paper, or ink that I need to print. Once I’m at the post office, I have the option to use their technology of just scanning a Qr code, or I can use the automated package scanner to generate a label to ship my package. Technology has advanced over the years. Convenience, and just simplicity has overcome the need to wait on long lines. This business can function fully automated to a certain extent, with or without human interaction.
Now the next business is visited once I leave the post office, which is a local delicatessen. I come here every day because it’s on my route to work, and the employees know my product preference. This is a for a profit business, that started based on an idea of an entrepreneur. Human capital, and food production machinery is used at this business. The owner hired a manager, who can motivate, empower, and train his staff to provide superior customer service, and make excellent tasting food. They even have a separate crew that only makes food deliveries, that way no employee is taken out of their role to sustain the flow of the business. The employees here assess the needs of its customers efficiently and make their food within a short period of time. I enjoy the human interaction, and brief dialog at this deli. However, there have been times where I’m running late, so in this case I can my food for pickup. This option is wonderful because I can order my food via a mobile app, and by the time I arrive at the deli, my food is ready for pickup.
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November 3, 2023 at 7:03 pm #19497
Claudia ChavezParticipantThis past week we learned the basics of what is a business, “A business is an organization that sells goods or services in an attempt to earn profit.”(What is Business? Alanis-Business Academy) Without realizing it, before I read and watched all these videos we support a business every single day. From the moment we wake up, we go and reach for our smartphones to turn off our alarm or simply scroll on TikTok. This past Tuesday, I began my commute to work it usually involves an Uber to the train station and then a ride on the train to my job at ZARA. During my break, I walked to McDonald’s I ordered a spicy chicken sandwich no pickles, large fries, and a McFlurry. After I got back I purchased a dress from my job. When my shift was over I headed on my way to my nail salon. After I was done I made my way to my local Deli to get a sandwich and chips. This eventful day led me to support a total of 6 businesses in 24 hours. The first one is Uber, a for-profit organization, that sells a service, my car ride to the train station. After that, I paid $2.90 to ride the train to Manhattan, the MTA being a Non-Profit organization that also sells a service. While on my break I had my lunch at McDonald’s, a for-profit organization that sells goods and services, like the one by my job some McDonald’s have employees that bring your order to your table being the service part while your food is obviously the goods. The dress I purchased is a good provided by ZARA, a for-profit company. After I paid the $2.90 again, I did my nails at Thao Nails, a for-profit company offering a service. Finally, my last stop was my deli, a for-profit organization.
Based on my list, I definitely interact with the MTA and Uber almost every day. This is definitely a pattern due to my job I go to work almost every day at 7 a.m., and I don’t like walking to the train at 6 a.m. so Uber is always a business I support. Like most of you and the rest of the NYC population, we support the MTA almost every day twice a day to get to our destinations.
New businesses come about every day, a YouTuber I follow and love just came out with his own makeup brand and I brought every item on the first drop! Businesses are a vital source of our communities, can you go a week without your phone, without your credit card, or without your favorite lunch spot? We support businesses every day and that’s why the article, “Why it Matters: Role of Business”, states,” It’s like the air that we breathe—mostly invisible, but always present.”
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November 5, 2023 at 11:05 pm #19556
Jessica MunozParticipantHi Claudia,
Something that I have noticed is that a lot of people on the east coast use public transport on the regular which is such a good major business that we will all profit at some point. I really enjoyed your discussion, because everything was very detailed and explained. I also loved that you supported the new up and coming business of one of the youtubers you watch. Not a lot of people will support someone that you watch or follow.
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November 5, 2023 at 11:40 pm #19566
Lauren DeFrancisParticipantClaudia, the way you structured your perspective on businesses in your daily life is very well done. You’ve given clear examples of the businesses you encounter, along with whether they are for-profit or non-for-profit. Your insight into supporting the MTA and Uber regularly due to your job schedule highlights a clear pattern in your business interactions, This demonstrates a great understanding of how businesses play a fundamental role in our daily lives. You’ve effectively tied in the quote about businesses being like the air we breathe emphasizing their essential roles in our lives. Great job!
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November 19, 2023 at 9:58 am #19773
Gabrielle PhillipsParticipantHi Claudia !
I really enjoyed reading your daily business analysis. Your response was beautifully structured detailed as well as intriguing. One of the main things about your response that stood out to me would be your introduction. I appreciated you shedding light on even the most simple of things such as turning an alarm off in the morning or scrolling on tick tok. You’re right! Even when it’s mindless it’s still a business in which we are making use of. Great work!
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November 3, 2023 at 7:52 pm #19500
Ahad NomanParticipantMy day was fairly typical, much like any other day of the week. I took the train twice, I bought from the deli store twice as well, and i went to the restaurant for lunch. Throughout the day, I made use of various social media platforms, including Snapchat, Facebook, WhatsApp, and Tik Tok, etc. Additionally, I shopped online for clothing and home stuff.
Interestingly, this digital activity has become increasingly valuable not just to individuals but also to businesses. Whether it’s a local grocery store, a social media platform, or a restaurant, social networking sites have become integral for connecting with customers and promoting one’s brand. In the contemporary landscape, we rely on these platforms for work-related communication, staying updated with the latest news, or discovering new trends. Moreover, for those aspiring to launch their own ventures, leveraging social media for marketing purposes has proven to be highly effective. Consequently, the percentage of profitable outcomes derived from these digital interactions far surpasses the unprofitable ones.
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November 5, 2023 at 6:36 pm #19534
Juaddy LajaraParticipantAhad your response to this first discussion board stood out to me because you mentioned the digital activity. I feel like majority of businesses are ran via their respective digital identities. Whether it is for ad services or even their main goal of selling.
Whether we scroll through TikTok we may get the sudden ad to go check out a product sold in their shop menu. Or we see how more powerful and influential companies like Walmart and Amazon try to get you to their site by offering discounts and specials. All of this is very important in knowing and understanding the digital side of businesses.
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November 3, 2023 at 9:53 pm #19505
Jessica MunozParticipantI will be talking about my day to day of a Wednesday. Wednesdays are usually the days that I don’t work from home and got to the office.
I wake up around 5 am each day, an alarm is set on my phone of iPad. My phone an iPad both in the profit category and the alarm app as well. Before I leave for work, I check my GPS to make sure there is no traffic and to have an estimated time on how long I will take heading to work, I believe this is in the profit category as well. For breakfast I usually take a protein shake and some Belvita cookies, they are purchased from the Sams Club App, I believe it’s a profit business as well.
Throughout my workday I am usually on my work computer going through email and meetings as well as accomplishing my to-do list. I believe this is a non-profit as well. Usually for lunch I bring something from home, I don’t really like to spend money unless I want to. Then leave to go home, unless I need to go pick up my brother from school or have to go get gas.
In the evening I usually get home and do homework and eat. After I try to either read a book, watch my current series or facetime a friend. With any streaming service I believe they are considered profit businesses, and any bookstore are also profit businesses.
You never really notice how many businesses you will bump into on a day-to-day basis. even if you work from home. All of the things we have come from many different types of businesses all over.
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November 5, 2023 at 11:55 pm #19569
LinaParticipantWow I did not realize the alarm app and simple things like Gmail could be considered a business as well but they are. I believe Gmail is owned by Google and is one of the most profitable businesses for Google as it’s the most popular email service where billions of users actively check. Business really is everywhere.
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November 5, 2023 at 11:59 pm #19570
Janet AmendanoParticipantI agree with you Jessica I usually do my homework at night too. Business is everywhere whether it’s going to school, taking the bus, looking at apps, or going to local deli stores. we just don’t notice how often we see them in our daily lives. it has impacted us in many different types of ways.
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November 3, 2023 at 10:40 pm #19506
GabrielleParticipantA typical day in my life looks like getting up, going to the deli to get a breakfast sandwich, and getting coffee from Starbucks before heading to class. To find these places and figure out the train eta, I’d use Google Maps and Transit on a cellphone I bought. I’m relying on the MTA for the commute, and during my journey I’m listening to music using a subscription based app.
I notice that as the text stated “Business is everywhere”. Everything that we own was developed from a need or desire that someone has. I definitely interact with for-profit businesses more. I notice that the businesses I interact with either make everyday needs and tasks more convenient or just add more quality to the process of doing so. The deli, a for-profit business, is selling me a good, the sandwich. This fulfills the desire of me wanting breakfast but having to be on the go. The MTA fulfills my need for getting from place to place, as a for-profit as well. It provides the service of travel.
I’ve attended programs that were non-profit. These include Opportunities for a Better Tomorrow and SYEP. These programs are funded by the government, relying on the mayor to allocate funding to them. These programs provided a service, being that they taught workshops and provided job opportunities.
Other places I go to include grocery stores and pharmacies, which are also for-profit businesses. It’s interesting to think about how a lot of our basic needs, like food and travel, are something that we have to have an income for. How the process of buying and selling needs and services has become so competitive.
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November 5, 2023 at 7:34 pm #19544
Claudia ChavezParticipantHi Gabrielle,
As I was reading your DB I can say I also have a music-based subscription. Like you, I support for-profit businesses more often as well. In your DB you stated that, “Business is everywhere”. Everything that we own was developed from a need or desire that someone has.” The video we watched touched on mutually beneficial markets, which is something you also talked about. You are hungry so you go to a deli, the deli is the seller and you are the buyer. So am I when I go to my local deli and ask for a sandwich as well. As the video stated the key to a business is solving a problem for the consumer. Which is what the MTA does for both of us and the millions of other New Yorkers. The quote, “Business is everywhere,” is very clear to me now and I’m sure for you as well, from the moment we reach our phones in the mornings to the night when we have to buy dinner we support a business. Hope to respond to future DBs!
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November 3, 2023 at 11:15 pm #19507
Gabriel ChinParticipantI work at the Jewish Community Center, a not-for-profit/nonprofit organization that brings the community together for various services and activities. Although it doesn’t sell products, it provides essential services and cultural experiences to the community. My daily life heavily relies on for-profit businesses like Apple, which offers a range of products and services, including iPhones and MacBooks. I also visited Chipotle, a for-profit fast-casual restaurant specializing in food products. My daily interactions primarily involve for-profit businesses, notably in the technology and food.
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November 5, 2023 at 9:41 pm #19546
Darius BurtonParticipantI would agree that most of the businesses we interact with as students in New York are for-profit especially ones concerning food and technology. Non-profits are simply not as common as for-profits as more people are trying to make a living rather than to help a cause.
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November 3, 2023 at 11:24 pm #19508
MuhammedParticipantA business is any institution that provides goods or services in exchange for profit. There are two categories of business: for-profit and non-profit. We all interact with businesses every day and when I examine my routine any day of the week, I am constantly in communication with a business one way or another.
When I wake up, I wake up to the sound of my alarm most days which is on an app that was developed by a business. I get out of my bed, a product that I bought from a business, and all morning I am constantly in contact with a product that was bought or a service that I use like all the Google apps, television from the news channel to streaming videos on Netflix, and I a lot of other business that are subtle. Most of the businesses that I interact with are for-profit but I do know of a non-profit that is in constant communication with me and that is a career program that I am signed up for their newsletters and they send me emails every so often about a networking event or another opportunity.
Other kinds of businesses that I frequent are barber shops, supermarkets, amazon, BMCC, mta transit, uber, and pretty much anywhere else.
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November 5, 2023 at 1:14 am #19526
Darryl GunawanParticipantI totally agree with the way you explained that business is basically everywhere. From the time you woke up and the very last minute before you go to bed. It has to be involved with one of the products from some businesses. And because of your explanation too, I also realized that BMCC is also some how is part of business where it sells education purposes as product to the student and also create some job availability for the staffs. Almost everything you said is clearly relatable with the current situation and there are so many else categories in the business that we have not seen yet. But believe it or not, some of us were already got involved in it but it was just something that we did not know or realize it.
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November 5, 2023 at 7:18 pm #19542
Karim BadriParticipantHi Muhammed,
You’re absolutely right in highlighting that nearly every product and service we use is, in some way or another, connected to a slew of different businesses. I particularly liked it when you mentioned your career program, listing it as a non-profit business. It’s hard to tell sometimes when something as subtle as a newsletter is related to business, but you accentuated it well when you explained that they can give you connections to events and opportunities that you likely wouldn’t have known about on your own.
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November 6, 2023 at 12:01 am #19571
Bryan TeutleParticipantIt always the little things like apps and newsletters that slip my mind as something we always interact with as a business. When you mentioned the newsletters as being a non profit, I forget that this also counts as I believed non profits had to be a service or good that counts was mainly charities. Its hard to keep up with how someone can get their information and where a person’s expenses can go.
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November 21, 2023 at 8:04 pm #19803
Brielle BucklerParticipantI wish you categorized each specific business you mention as product/service, or profit/not-for-profit!
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November 3, 2023 at 11:25 pm #19509
Matthew EdwardsParticipantThroughout my week the businesses that I came into contact with were Best Buy, and Playstation store.
Best Buy – for profit that sell products
Playstation store – for profit that sells services
Based on my list I realized that I interact with for profit business that sells products because of what they sell usually benefit me.-
November 5, 2023 at 7:05 pm #19538
Karim BadriParticipantHi Matthew,
I like that you make it clear at the end that what drives you to interact with for-profit businesses is the fact that the products and services that they sell benefit you. It highlights the idea that, for a business to be successful, the people running these businesses NEED to understand what the consumer desires. In doing so, they have to shift their focus constantly in an ever-evolving market where the needs and wants of their customers can change in the blink of an eye.
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November 21, 2023 at 8:04 pm #19804
Brielle BucklerParticipantAre these the only businesses you came into contact with in a whole day? Think again!
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November 3, 2023 at 11:42 pm #19510
LinaParticipant<span style=”font-weight: 400;”>A business becomes a viable enterprise when there is profit. Most things are considered business as business is any organization selling goods or services in attempts to make profits. We come in contact with business every day because especially in New York City the lively heart of the world, there’s marketing everywhere trying to get you to make a purchase. It’s hard to get by without being involved with businesses here. </span>
<span style=”font-weight: 400;”>Two days ago I went to a concert which is a for-profit business and they sell a service. The team themselves is selling us the live concert experience while amongst the team there are directors and people who set the props up and other branches of people who play a role working with each other and essentially profiting off one another. The venue is lending the place to the band and workers and if they make a good profit from this concert, they’ll be back again. My friends and I got food before the concert which is also a for-profit business that sells goods, products that we’re interested in. It’s just so much easier to buy food or materials for food than plant everything from scratch, we’re paying for the convenience a lot of the time. Coming home from the concert, we took the MTA which is a not-for-profit business as it’s run for the people and running at a loss. </span>
<span style=”font-weight: 400;”>I want to argue that sometimes even interactions with acquaintances can be considered a business as making connections and making use of them is a way for profit to skyrocket.</span>
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November 5, 2023 at 11:11 pm #19557
Jessica MunozParticipantHi Lina,
I really enjoyed on how you gave us a small explanation in the beginning of your post. You were able to get the reader to understand a business and different way a business could be considered. I believe each city and state have many different ways on what they consider a business, just like having an interaction with an aquintance.
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November 4, 2023 at 12:14 am #19513
Janet AmendanoParticipantFor these past weeks, I usually wake up early and walk to a local cafe for breakfast they sell products such as pastries, sandwiches, and coffee. After finishing my food I take a train to go to class. this a nonprofit business that is run by the government to provide services to the general public. Once I get out of class I go to a nearby fast food restaurant which is chipotle this for-profit business serves you a bowl and you choose to pick which you would like to put in your bowl like rice, beans, meat, veggies, sour cream, etc. Chipotle also supports various charitable causes through fundraisers and donations that operate with shareholders. At night I go to the gym at a local gym which is a for-profit business that offers services related to health and fitness After my workout I grab dinner from a restaurant that specializes in organic food ingriendies.
Based on my interaction it seems like I interact with for-profit businesses that offer services such as food restaurants and gym however not non-profit business like the train has also played a huge role in my day-to-day life.
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This reply was modified 1 year, 4 months ago by
Janet Amendano.
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November 5, 2023 at 7:11 pm #19541
Claudia ChavezParticipantHi Janet,
As I was reading your DB I can totally agree with you as a fellow New Yorker that the MTA plays a huge part in our day-to-day lifestyle. As a Non-Profit organization, its main goal is to obviously help with our transportation through New York City. This is why it’s a successful organization, because of the fact that it solves a problem for everyone in NYC. Something you touched on was how Chipotle, “supports various charitable causes through fundraisers and donations that operate with shareholders,” I didn’t know they were involved in those sorts of transactions. Our routines align, since in the morning and in the night we eat at for-profit businesses. I also recognized that in my day-to-day life, I support for-profit businesses. Hope to respond to further DBs in the future!
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November 5, 2023 at 7:21 pm #19543
JacobParticipantI can simply see your day to day routine, considering that everyone has their way with interacting with local businesses, it’s a way to show how profits are being done whether its the going to a restaurant or gym, great work.
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November 4, 2023 at 12:09 pm #19515
Armani WarnerParticipantA business is an entity that engages in commercial activities, offering products or services in exchange for a profit, with the ultimate goal of generating income. In my daily routine, I frequently visit Starbucks to get my dose of caffeine and enjoy their cozy ambiance. Additionally, I often rely on Uber Eats to order food from various small businesses, supporting local entrepreneurs. However, my wallet seems to think that supporting these businesses has become a bit of a problem, but I’m working on a budget-friendly solution while still indulging in the occasional coffee splurge!
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This reply was modified 1 year, 4 months ago by
Armani Warner.
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This reply was modified 1 year, 4 months ago by
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November 5, 2023 at 5:27 pm #19530
Raymond FlemingParticipantResponse to Ahad Noman. I agree completely with your statement in regard to how social media platforms have become more prominent in our personal lives, and how businesses have integrated social media in their daily marketing operations. We are in the times of what they call social proof. A business can be judged or reviewed solely based on the engagement of its subscribers and viewers on said platform. The usage of social media can provide excellent market research for the business, and even generate conversions of their product or service. As for me personally, I also use social media platforms such as Instagram, Twitter, and even YouTube daily to promote the launch of new products, or ideas. I can identify shopping trends, buyer age groups, and even learn what area of the world my product is popular in by analyzing the analytics of the social media platform.
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This reply was modified 1 year, 4 months ago by
Raymond Fleming.
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November 5, 2023 at 6:38 pm #19535
JacobParticipantStarting off, business is in fact everywhere in today’s world, many we clearly don’t see but intractively it is there whether we consumers pay with cash in person or pay with credit card online. Simply businesses profit from consumers which are people like us buyers whether we’re asking for a good and or service, and generally it continues the businesses or companies we buy or need services from. To give an example, in my daily life I would go downtown by either Transit or Cab in which I would pay by credit in order to get to work, Breakfast and Lunch I would pay with card in either Starbucks or Panera Bread, while working I would take peoples orders in which the business profits due to the many companies around the financial district, after a hard days work, every month I would walk 10 ten blocks to get some exercise in and go to the ASPCA to donate $20 cash for a worthy cause that is a non-profit organzation that I hold dearly. With weekends coming around I would get together with family for a nice dinner with provided services or to go see a show thus having to pay for entry. This is considered how our daily lives interact with business everyday, but in simple terms this is what my day to day would look like when interacting with business.
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November 5, 2023 at 7:04 pm #19537
Claudia ChavezParticipant.
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This reply was modified 1 year, 4 months ago by
Claudia Chavez.
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This reply was modified 1 year, 4 months ago by
Claudia Chavez.
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November 5, 2023 at 11:46 pm #19568
Bryan TeutleParticipantWhen it comes to the our daily routines, I think our daily routines to get to work are pretty much the same. I think this is just a habit that occurs for anyone who lives in the city since transport and anything where anyone can get breakfast is readily available. I think the line is kind of hard to draw sometimes when it comes to food in general since I think the convenience and fast preparation sometimes act as a service from time to time in order to get back to work fast.
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This reply was modified 1 year, 4 months ago by
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November 5, 2023 at 11:21 pm #19560
Lauren DeFrancisParticipantThroughout this week I’ve had many opportunities to reflect on my interactions with various businesses. On a specific day my experiences show a mix of for-profit and non-for-profit businesses offering services or products.
For breakfast I grabbed a sandwich from Starbucks, a for-profit business providing products and services, a dining space. I am currently undergoing some renovating and wanted to find unique items. I used a for-profit online platform that provides a service, FaceBook Marketplace, to help find some good furniture pieces. After moving some items around and I decided to drop off some clothing items at a not-for profit near me, Goodwill.
In the evening food from one of my favorite Indian restaurants, another for profit business selling products and services. From my list it is evident that for-profit businesses are more prevalent in my life. Not-for-profit businesses, like a visit to Goodwill, are less frequent in my routine.
Businesses like grocery stores, and pharmacies play a role in my life, even though they were not part of my interactions on the chosen day. The variety of businesses I encounter shows the diverse ways businesses impact our daily lives, without us even realizing it.
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November 19, 2023 at 9:42 am #19772
Gabrielle PhillipsParticipantA response to Lauren DeFrancis.
Your experience with business organizations are fairly diverse. I love that it’s apart of your routine to donate clothes once in a while to good will. That’s a great non-for-profit experience to have. I also appreciate the organization of your business reflection. You were very clear and able to describe each business interaction properly.
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November 5, 2023 at 11:22 pm #19561
Raymond FlemingParticipantIn response to Jacob’s Post. You’ve provided a clear analysis of how often you interact with businesses daily. It’s interesting to see that we all may have a similar daily routine. You mentioned the ASPCA which is a non-profit business, which in fact I donate to myself. I never looked at it as business at first, until I was offered a receipt for my donation. Then when I file my taxes, I consult with an accountant for their service, and give them my business!
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November 5, 2023 at 11:29 pm #19562
Bryan TeutleParticipantBusiness is a usually a company that sells products that can be a type of good or services. These products can range to different uses from our daily routines to however we choose to relax. An example of this is my commute to work: I have to use the services of the MTA and MetroNorth in order to make in time. Not only that, when the most obvious business that I always rely on is the local cafeteria at my workplace where I grab my coffee and random bread they have for sale that day. All of these are companies focus on making a profit out of their services and goods when it comes to my work routine. When it comes to relaxing or focusing on hobbies, there are always services and goods also being provided there too. My hobby involves drawing a lot and I run out of ink or pencils, I have to buy new ones from Staples (which focus on selling goods). If I watch show or movie, the service of watching it without ads like on Netflix. Each of these businesses I interact with focus on making a profit on their services and it doesn’t matter when and where, its always everywhere and convenient for anyone to use anything they want.
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November 19, 2023 at 9:24 am #19771
Gabrielle PhillipsParticipantWhat is a business? As civilians we are surrounded by business every day. Things you wouldn’t even expect to be considered a business influence our lives daily. After taking a moment of reflection I have come to find that Friday the seventeenth was my most business incorporated day. I started my day off early waking up at seven am. I washed my face, brushed my teeth showered and got dressed to head out the door. My first business encounter would be a For profit business as I go into my local deli for some breakfast and devoured my heavenly Bacon egg and cheese sandwich. Next I’m off to my second business endeavor with my for profit Nail technician. This is a beautiful shop for various entrepreneurs in the beauty industry to make their profit and have a space to do so. The shop consists of Nail Techs, Lash Techs and hair stylists and more. I road the train a few stops and got right on to the bus to make it to my appointment on time. A few hours of service go by and it’s time to get ready for work, the last For profit business of the day. I took one more bus and arrived two hours early. In this time I decided to sit down and study for a bit until I had to clock in. Finally my day comes to an end as my mom picked me up after my closing shift.
Commonly my day to day experiences consist of For profit business. The times I encounter not-for-profit business or nonprofit organizations is with my mother’s personal non profits or charitable events at my church. Due to, this my daily encounters are regularly For profit businesses that are franchises. For example restaurants or fast food restaurants. Even in terms of my shopping, Pink, Victoria Secret, Forever twenty one or even Saks. These are all business that operate with the common goal of making/ earning money for the business.
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