Simple English definitions for legal terms
Read a random definition: ex colore
Scope of Business: The things a business needs to do to be successful, based on what other similar businesses are doing in the same area.
The scope of business refers to the range of activities that are necessary for a commercial venture to operate successfully. This is determined by the nature of the venture and the activities of others engaged in the same occupation in the same area.
These examples illustrate how the scope of business can vary depending on the nature of the venture. For example, a restaurant's scope of business will be different from a construction company's scope of business. However, both will need to engage in activities that are necessary for their respective ventures to operate successfully.