Business involves the sale or transfer of goods and services for value.  Production or purchase of goods and services for personal consumption or for presentation do not involve sale or transfer and hence they do not come under business.  On the other hand, production or purchase of goods and services with the object of exchanging them for value come under business.  Thus a weaver preparing cloth for  his personal use is not engaged in business, but if he prepares it for the purpose of transferring it for value, it becomes business.The objectives of business are determined through an interaction between the enterprise and its activities on the one hand and the environmental needs and responses on the other.