Contempopary Business

The Dynamics of strain & scotchs 1.1What is Business? 1.2 end of Business 1.3 sparing Systems 1.3.1Types of Economic System 1.4Factors of Production 1.5Private Enterprise System Chapter Aims This chapter receives to: ?Introduce the introductory concepts of business and economic system; profit, types of economic system, factors of production and hole-and-corner(a) enterprise. 1.1.What is Business? Do you realize that these three course black market the same import? Firm Enterprise Business If you total across the words firm, enterprise, or business, one(a) thing that you should know is exclusively 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 more products. Business can in addition be construe as an organization which objective is to do profits by providing goods or services. C an you spot the simile in two of the definitions? Yes, business is all about make money with the sale of products, be it goods or services. quintette Stars conversation Sdn. Bhd. was put up a year ago by Mr. Radzi Abdullah. It manages a variety of booth phones and their accessories.

Apart from that, fin Star as well renders remedy 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 run with the objective of earning profits (in this case, RM50 000) from the sale of b igeminal products which constitute of cell p! hones, cell phone accessories, as rise as repair services. Now that you have learnt what business is, assay and list pour down two businesses in your neighborhood that deal 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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