Definition

1. Noun:
   • A commercial or industrial enterprise and the people who constitute it: A "business concern" refers to an organization engaged in commercial, industrial, or professional activities. It encompasses the entity itself, including its physical and operational assets, as well as the personnel who work for it.

Usage Examples

• Noun:
  • He bought his brother's business concern. (He purchased the commercial enterprise that belonged to his brother.)
  • It is a small mom-and-pop business concern. (It is a small, family-owned commercial enterprise.)
  • They run a racially integrated business concern. (They operate a commercial enterprise that is integrated across racial lines.)

Advanced Usage

• The term "business concern" is often used in formal, legal, or financial contexts to refer to a company or firm as a distinct operational entity. It emphasizes the organization as a going concern with its own structure and workforce.
  • The merger involved two major business concerns in the manufacturing sector.
  • The report analyzed the financial health of the business concern.

Variants and Related Words

• Business (n): A more common and general term for an organization involved in trade. "Business concern" is a more formal synonym.
• Company (n): An organized group of people working together in a commercial enterprise.
• Firm (n): A business partnership or a company, especially one involving professional services.
• Enterprise (n): A project or undertaking, especially a bold or complex one; also used synonymously with a business company.
• Corporation (n): A large company or group of companies authorized to act as a single entity.

Synonyms

• Company
• Firm
• Enterprise
• Organization
• Commercial operation

Related Phrases

• Going concern: An accounting term for a business that is operating and expected to continue operating for the foreseeable future.
  • The auditor confirmed the company was a going concern.
• Family business concern: A business owned and managed by members of a single family.
  • The family business concern has been operating for three generations.

Notes

• "Business concern" is typically used as a singular noun. The plural form is "business concerns."
• It is important to distinguish this term from the word "concern" meaning "worry" or "anxiety." In "business concern," the word "concern" is used in its older sense meaning "a commercial or manufacturing establishment."

Noun

1. a commercial or industrial enterprise and the people who constitute it
   • he bought his brother's business
   • a small mom-and-pop business
   • a racially integrated business concern