Answer to Question #189195 in Management for cassie

Question

Explain the relationship between a business and an establishment.

Answer 1

A business is an enterprising unit or an organization. It can be for a non-profit entity or a profit organization. An establishment refers to a business location for a firm engaged in a particular activity. Business is carried out there to get paid for offering services or selling goods. An establishment can be a retail store, warehouse, factory, or branch location for a business. A business relationship is crucial in the establishment because generating a relationship with both potential and new customers permits businesses to offer a more desirable and personalized customer experience. A recent study shows most clients claim their experiences are as significant as the actual service or product.