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Log In Menu Business Courses / Course / Chapter Business: Overview & Characteristics Lesson Transcript Carey Schaal, Bethany Davis Understand the meaning of business. Learn the definition of business and characteristics of business. Know what business is with the help of examples. Updated: 04/15/2022 Table of Contents What is Business? Characteristics of Business Example of Business What are the classifications of business? Examples of Business Regulations Lesson Summary Show Frequently Asked Questions What is the definition of business, and what is an example? Businesses are made up of individuals working together to meet society's needs, as well as common goals. Some examples of businesses include Coca Cola and Walmart, as well as smaller private businesses such as an accounting firm or a local grocery store. What is business all about? Businesses are all about producing items or services to sell, meeting a particular need for society, and are mainly...