In our day-to-day life, we use words like business, commerce, occupation, trade, industry, etc. quite often. These words have a definite meaning in the 'Business Organization'. After studying this article you should be able to identify the broad categories of human activities and describe what we mean by business and what are the features and objectives of the business. We will also classify the business activities and will explain the nature of the business organization. Read more to know what business is!