You can set the label and Slug of Business according to your choice.
The BuddyPress Business Profile plugin allows you to do that with a simple configuration setting.
Manage Label and Slug of Business
To manage labels for your business profiles, follow these steps:
Navigate to WB Plugins > BP Business Profile > General Setting.
Below the “Google Maps API Key” option, you’ll find settings for Labels and Slugs.
You can customize the following labels:
Singular label for “business.”
Plural label for “businesses.”
Slug for “business.”
Adjust these labels according to your preference.