Business:
Business refers to activity of buying and selling goods or services in order to make a profit. In broader terms, business can encompass all types of organizations from small to large corporations, and can include activities such as manufacturing, marketing, finance, and management.

Components of Business:
There are several components of business include:

1. Products or Services: It is the major component of business, that a business has to offer products or services to its customers to satisfy their needs and wants.

2. Customers: The people or the organization who purchase product or services offered by the business.

3. Employees: Employees are the people who work for the business and contribute to its operations.

4. Management: The people responsible for making decisions and overseeing the operations of the business.

5. Marketing: A business has to promote and advertise its products or services to attract customers through the marketing. 

6. Finance: Finance is a crucial component of business as it deals with  managing money and resource effectively. It helps businesses to allocate their resources in the of maximizing profits and minimizing risks.

7. Operations: The day-to-day activities involved in running a business such as production, delivery, and customer service. Effective operations management can help a business achieve its goals by increasing efficiency, reducing cost, and improving quality etc.

8. Technology: The tools and the equipment used by the businesses to run their operations. It has become the most important component of business to operate its operation in this fast-paced world.

9. Legal and regulatory: The laws and regulations that businesses must comply with, including licensing, taxes and labor laws. Compliance with  these regulations is essential to avoid legal and financial consequences that may effect the business's reputations.

10. Environment and sustainability: Business operations always have an impact on environment and the sustainability of products. Businesses that prioritize sustainability can create long-term value, build brand reputation and reduce risk.

Objectives of Business: 
The objectives of business are the specific goals and targets that the organization aims to achieve to fulfil its purpose and satisfy its stakeholders. Some of the common objectives of business include:

1. Profit Maximization: One of the primary objectives of the business to maximize profits, which involves increasing revenues and decreasing cost to generate the highest possible level of profit.

2.