A business or enterprise can be described as an independent institution, established by an entrepreneur to make a profit by producing goods or providing services that satisfy customers’ needs, but an establishment can be explained as what?
An establishment can be explained as a physical location or facility where the business operates or carries out its activities. It can also refer to a particular branch or division of a business, such as a retail store, office building, factory, or restaurant. Essentially, an establishment is the tangible and operational aspect of a business entity.
