Contempopary Business

The Dynamics of business organization & scotchs 1.1What is Business? 1.2 end of Business 1.3stinting Systems 1.3.1Types of Economic System 1.4Factors of Production 1.5Private Enterprise System Chapter Aims This chapter spirits to: ?Introduce the raw material concepts of business and economic system; profit, types of economic system, factors of production and one-on-one enterprise. 1.1.What is Business? Do you realize that these three course take up the same import? Firm Enterprise Business If you surveil across the words firm, enterprise, or business, one(a) thing that you should know is all(a) of them mean the same. What do these words actually mean? Business can be delimitate as an organization which operates with the aim of generating profits by marketing one or to a greater extent products. Business can in addition be interpreted as an organization which objective is to do profits by providing goods or s ervices. Can you spot the simile in twain of the definitions? Yes, business is all about make money done the sale of products, be it goods or services. quintette Stars conversation Sdn. Bhd. was destiny up a year ago by Mr. Radzi Abdullah. It manages a variety of electric cell phones and their accessories.

Apart from that, fin Star withal renders compensate services of cell phones to its customers. For the twelve-month stoppage ending declination 31, 2008, the company was expected to generate a profit of RM50 000. As you can see from the scenario given, Five Stars Communication Sdn. Bhd. is an organization direct with the objective of earning profits (in this ca se, RM50 000) from the sale of bigeminal pr! oducts which constitute of cell phones, cell phone accessories, as rise as repair services. Now that you have learnt what business is, assay and list flock two businesses in your neighborhood that cuckold goods, two that sell services, and another two businesses that offer both. 1.2.The Goal of Business As you set about starting a...If you want to stick to a full essay, order it on our website: OrderEssay.net

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