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Big business involves large-scale corporate-controlled financial or business activities. As a term, it describes activities that run from "huge transactions" to the more general "doing big things". In corporate jargon, the concept is commonly known as enterprise, or activities involving enterprise customers. [1] [2] [3]
Commonwealth Bank provision of unsuitable financial advice to a large number of customers between 2003 and 2012 and continuous delay in providing compensation to victims. [31] Compass Group, bribed the United Nations in order to win business; Corrib gas controversy Kilcommon, Erris, Co. Mayo, Ireland; Deutsche Bank, spying scandal
Walmart, the world's largest company by revenue since 2014 [1]. This list comprises the world's largest companies by consolidated revenue, according to the annually ranked Fortune Global 500 published by Fortune magazine, as well as other sources. [2]
While diseconomies of scale are typically associated with large mature firms, similar problems have been observed in the growth phase of small and medium-sized manufacturing companies. Mclean [3] has observed that this can occur once the workforce exceeds around 20 employees. At this point business complexity grows more rapidly than revenue.
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Enterprise Holdings: Car rental: 35 90,000 Clayton, Missouri: 8 C&S Wholesale Grocers: Wholesaling 34.7 15,000 Keene, New Hampshire: 9 Love's: Petroleum industry and Retail 26.5 40,000 Oklahoma City, Oklahoma: 10 Southern Glazer's Wine and Spirits: Food industry 26.0 24,000 Miramar, Florida
Marx points out that concentrated private ownership of large-scale economic enterprises is a historically contingent fact, and not essential to the nature of such enterprises. In the case of agriculture, for example, Marx calls attention to the sophistical nature of the arguments used to justify the system of concentrated ownership of land:
In Australia the predominant term used for SOEs is government business enterprise (GBE). Various Australian states also have GBEs, especially with respect to the provision of water and sewerage, and many state-based GBEs were privatized in some states during the last decade of the twentieth century.