Business is the economic activity associated with regular and continuous production and distribution of goods and services to meet human needs.
All we need food, clothing and shelter. We also have many other household needs to be addressed in our daily lives. We have met the requirements of the grocery store. The merchant receives from a wholesaler. Wholesaler receives from manufacturers. The dealer, wholesaler, manufacturer does business and is therefore known as a businessman.
Definitions Marketplace
Stephenson defines it as "the ordinary production or purchase and sale of goods is made in order to make money and acquire wealth by satisfying human needs."
According Dicksee, "Business refers to a type of activity carried out to make profits for the benefit of those on whose behalf the activity is conducted."
Henry Lewis defines business as "human activity to produce or acquire wealth by buying and selling of goods."
Thus, the term business: the continuous production and distribution services, as well as a profit target to uncertain market conditions.
Features square business
Features or functions within the company are discussed in the following: -
First exchange of goods and services
All activities are directly or indirectly affected by the exchange of goods or services for money or money's worth.
2. It offers a series of transactions
In business, the exchange of goods and services is a regular feature. A businessman regularly offers a number of transactions and operations, not just one or two.
The third benefit is the main purpose
The company is managed with the intention of making a profit. The result is a reward for the services of a businessman.
4. Business skills for economic success
Anyone who can not manage the company. To be a successful entrepreneur, one must have good business skills and competencies. Entrepreneurs need to have experience and knowledge to manage the company.
5. Risks and uncertainties
Activities are subject to risks and uncertainties. Some risks, like loss due to fire and theft can be insured. There are also uncertainties, such as the loss is due to changes in demand or a fall can not be guaranteed and must be a businessman.
6th buyer and seller
Each business transaction, there are at least two parts of a buyer and a seller. Business is nothing more than a contract or agreement between buyer and seller.
7. The combined
Commercial activity may be associated with the production of goods or services. In this case, it is called as industrial activity. The industry can be primary or secondary.
8. Marketing and distribution
The activity can be associated with the marketing or distribution of products when it comes to a business.
9th Offers of goods and services
In business, there must be exchange of goods and services.
The goods can be divided into two groups: -
1. Consumer goods: goods that are used by the consumer is called the consumption of consumer goods such as TV, soaps, etc.
2. Producer of goods: goods that are still producing the production is called capital goods such as machinery, equipment, services, etc. are intangible, but it can change the value, such as providing transportation, warehousing and insurance, etc.
10th In order to meet human needs
Businessman, also wants to meet human needs through the business. With the production and supply of various goods, businessmen are trying to promote consumer satisfaction.
The 11th social obligations
Modern service-oriented company. Modern business people are aware of social responsibility. In today's business is service oriented rather than profit-seeking.
All we need food, clothing and shelter. We also have many other household needs to be addressed in our daily lives. We have met the requirements of the grocery store. The merchant receives from a wholesaler. Wholesaler receives from manufacturers. The dealer, wholesaler, manufacturer does business and is therefore known as a businessman.
Definitions Marketplace
Stephenson defines it as "the ordinary production or purchase and sale of goods is made in order to make money and acquire wealth by satisfying human needs."
According Dicksee, "Business refers to a type of activity carried out to make profits for the benefit of those on whose behalf the activity is conducted."
Henry Lewis defines business as "human activity to produce or acquire wealth by buying and selling of goods."
Thus, the term business: the continuous production and distribution services, as well as a profit target to uncertain market conditions.
Features square business
Features or functions within the company are discussed in the following: -
First exchange of goods and services
All activities are directly or indirectly affected by the exchange of goods or services for money or money's worth.
2. It offers a series of transactions
In business, the exchange of goods and services is a regular feature. A businessman regularly offers a number of transactions and operations, not just one or two.
The third benefit is the main purpose
The company is managed with the intention of making a profit. The result is a reward for the services of a businessman.
4. Business skills for economic success
Anyone who can not manage the company. To be a successful entrepreneur, one must have good business skills and competencies. Entrepreneurs need to have experience and knowledge to manage the company.
5. Risks and uncertainties
Activities are subject to risks and uncertainties. Some risks, like loss due to fire and theft can be insured. There are also uncertainties, such as the loss is due to changes in demand or a fall can not be guaranteed and must be a businessman.
6th buyer and seller
Each business transaction, there are at least two parts of a buyer and a seller. Business is nothing more than a contract or agreement between buyer and seller.
7. The combined
Commercial activity may be associated with the production of goods or services. In this case, it is called as industrial activity. The industry can be primary or secondary.
8. Marketing and distribution
The activity can be associated with the marketing or distribution of products when it comes to a business.
9th Offers of goods and services
In business, there must be exchange of goods and services.
The goods can be divided into two groups: -
1. Consumer goods: goods that are used by the consumer is called the consumption of consumer goods such as TV, soaps, etc.
2. Producer of goods: goods that are still producing the production is called capital goods such as machinery, equipment, services, etc. are intangible, but it can change the value, such as providing transportation, warehousing and insurance, etc.
10th In order to meet human needs
Businessman, also wants to meet human needs through the business. With the production and supply of various goods, businessmen are trying to promote consumer satisfaction.
The 11th social obligations
Modern service-oriented company. Modern business people are aware of social responsibility. In today's business is service oriented rather than profit-seeking.
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