Preview

Introduction to Business

Satisfactory Essays
Open Document
Open Document
2429 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Introduction to Business
INTRODUCTION TO BUSINESS
ASSIGNMENT

2/27/2013
SUBMITTED BY: THE RISING SUN
1ST SEMESTER, 1ST YEAR DEPARTMENT OF MANAGEMENT STUDIES UNIVERSITY OF BARISAL

SUBMITTED TO: EASNIN ARA LECTURER OF MANAGEMENT STUDIES UNIVERSITY OF BARISAL

BUSINESS
Business come from the latin word “biznis”. Business means being busy at any work. When a man engaged in buying and selling products in order to earn profit.

Business refers to an economic activity in which people regularly engage in production and purchase of goods for sale or exchange of goods or supply of services to satisfy the needs of other people with an ultimate motive to earn profit.
The regular production or purchase and sale goods under taken with an objective of earning profit and accquiring wealth through the satisfication of human wants refers as business. ____Stephen Shons

Business is a combination of industry, trade and commerce and it’s helpful work in which people exchange their product in order to earn profit in a legal way.

BRANCHES OF BUSINESS
When a man buying or selling products with a view to earn profit, then it is called business.

Branches or scope of business:
Business has three branches. They are industry , trade and commerce. W can show it by drawing a diagram.

Branches of business Branches of business | | |

Industry | | Trade | | Commerce | |

Genetic | Extractive | Manufacturing | Construction |

Home Trade | International/Foreign Trade |

Retail Trade | Whole sale Trade |

Import Export Enterpot

INDUSTRY: Industry means, all factories or companies or process involved in the manufacturing products.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Fed income tax TBChap008

    • 17488 Words
    • 121 Pages

    Business activities are distinguished from personal activities in that business activities are motivated by the pursuit of profits.…

    • 17488 Words
    • 121 Pages
    Satisfactory Essays
  • Powerful Essays

    Buss5000 Lecture Note

    • 1325 Words
    • 6 Pages

    ›Business is: -‘Any activity that seeks to provide goods and services to others while operating at a profit’…

    • 1325 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    business is when a business owner gets out of their day-to-day commitment to running the company…

    • 339 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    FM 116 term paper

    • 2184 Words
    • 8 Pages

    Business: Individuals or organizations who try to earn a profit by providing products that satisfy people’s needs.…

    • 2184 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    * Activity: Any activity that is engaged in for the primary purpose of making a profit. Business activities can include things like operations, marketing, production and organization.…

    • 529 Words
    • 3 Pages
    Good Essays
  • Good Essays

    GCSE BUSINESS KEY TERMS

    • 828 Words
    • 4 Pages

    Business: an active that requires the organisation of resources to achieve a reward, whilst running a risk.…

    • 828 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    engineering

    • 2022 Words
    • 9 Pages

    business by being prepared to make changes to the way it operates and to the products it sells.…

    • 2022 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Partnership Law

    • 5404 Words
    • 22 Pages

    In Hope v Bathhurst City Council (1980) Justice Mason defined the term business as “activities undertaken as a commercial enterprise in the nature of a going concern for the purpose of profit on a continuous and repetitive basis”.…

    • 5404 Words
    • 22 Pages
    Better Essays
  • Good Essays

    LEPESTC

    • 857 Words
    • 7 Pages

    BUSINESS ENVIRONMENT ANALYSIS OF SIX SEASONS FOOD & BEVERAGES LTD. SUBMITTED BY: MD. ANISUR RAHMAN MD. ATIF UL AFTAB MD. AKRAMUL HAQ Course…

    • 857 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Eco - 01 Solved Assignments

    • 4232 Words
    • 17 Pages

    Business refers to the human activities engaged in production and/or exchange of want satisfying goods and services carried with the intention of earning profits. We can list the following five broad features of business:…

    • 4232 Words
    • 17 Pages
    Good Essays
  • Better Essays

    Business activities involves purchasing raw materials, semi-finished goods and components, changing them into finished goods or combined with services, and selling them to the customers. Before customers purchasing these finished goods and services, they are all hold by companies and are regarded as stocks. Companies are always trying to control their stock according to the market demand and the holding opportunity costs in order to generate highest profit for them.…

    • 2392 Words
    • 10 Pages
    Better Essays
  • Powerful Essays

    Industrialization

    • 1770 Words
    • 8 Pages

    Industry itself is basically a business activity. It has 4 sectors, which are; primary, secondary, tertiary and quaternary.…

    • 1770 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Macro case

    • 486 Words
    • 2 Pages

    Brunt Hotels, PLC is a well known hotels in United Kingdom. Brunt Hotels, PLC, owns more than 60 hotels throughout the United Kingdom. They recently acquired a small hotel chain headquartered in France. Half of the new hotels in France would be retained and rebranded as part of the Brunt Hotels Group; the other half will be sold. This will support Brunt’s strategic objective of growing the organization slowly to make sure that new ventures are well supported and opened on time and on budget. Brunt’s hotels are considered budget accommodations; they are functional, clean and reasonably priced. Most guests stay for one to three nights and are a combination of business and leisure travelers. The hotels are typically situated in downtown locations that are easily accessible by mass transit. Tourists are attracted to these hotels in popular visitor…

    • 486 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Introduction To Business

    • 1023 Words
    • 5 Pages

    Everything has some own characteristics, Business has also If we look the definition of business: Business means being busy, it is a process of producing and exchanging goods and services with a view to make profit. From this definition we have find One characteristics that is Profit, Business has more characteristics, Now we are going to discuss below…

    • 1023 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Role of Business

    • 447 Words
    • 2 Pages

    A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers. Businesses are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to customers for profit. A business owned by multiple individuals may be referred to as a company. Business plays a number of important roles in an economy and society. It not only improves standards of living/quality of life. But also provides us with innovation and new inventions.…

    • 447 Words
    • 2 Pages
    Satisfactory Essays

Related Topics