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A company might describe its business by communicating the industry wherein it operates. For instance, the true estate business, advertising business, or mattress manufacturing business are industries during which a business can exist. Because the term business” will be interchanged with day-to-day operations in addition to the overall formation of a company, the time period is often used to indicate transactions concerning an underlying services or products. For instance, Exxon Mobil transacts business by offering oil.
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