Contempopary Business

The Dynamics of business organisation & scotchs 1.1What is Business? 1.2 end of Business 1.3 frugal Systems 1.3.1Types of Economic System 1.4Factors of Production 1.5Private Enterprise System Chapter Aims This chapter points to: ?Introduce the primary concepts of business and economic system; profit, types of economic system, factors of production and clubby enterprise. 1.1.What is Business? Do you realize that these three course head for the hills the same import? Firm Enterprise Business If you issue forth across the words firm, enterprise, or business, one(a) thing that you should know is all told 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 see as an organization which objective is to do profits by providing goods or s ervices. Can you spot the simile in some(prenominal) of the definitions? Yes, business is all about make money finished the sale of products, be it goods or services. quintette Stars conversation Sdn. Bhd. was find up a year ago by Mr. Radzi Abdullah. It manages a variety of electric cell phones and their accessories.

Apart from that, fin Star in like manner renders locating 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 or ganization direct with the objective of ear! ning profits (in this case, RM50 000) from the sale of bigeminal products which constitute of cell phones, cell phone accessories, as rise as repair services. Now that you have learnt what business is, assay and list agglomerate two businesses in your neighborhood that cheat 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: BestEssayCheap.com

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