Business study notes

Business Notes: Chapter 1 - the nature of a contrast eccentric a business enterprise revives in society: ±Employs people ± basis of nations preservation ±Brings technological change and innovation ±Offers choices relating to work and ingestion ±Provides tender interaction Definition of a business: To reach commoditys and assistants to add cherish in the process of production appraise chain is the concept that value is added at each storey of production process, as inputs atomic number 18 transform into final products Making profit is important to intimately businesses nevertheless non all. Some aim to provide the community with a value eg: the ABC (Australian broadcasting commission) What is a slender business: ± on an individual basis owned an operated ±Controlled by owners or managers who in like manner contribute most of the operating chief city ±Decisions be made by the owners or managers Can excessively be defined as: ±A non-manufacturing business employing less(prenominal) than 20 employees ±A manufacturing business employing less than 100 employees Medium finishing businesses employ 20-99 people and a large business employs more than than than 200 staff. Some times small and medium businesses argon grouped together known as SMEs (small and medium enterprises) little businesses play a vital role in Australias frugality. over 1 million private sector business, employing 3.5 million people. non rude and small businesses make up 1/3 of Australias economy and 40% of the total employment.

Contributions made by small businesses to the economy: ± establish jobs ± encourage increase national income and living standard s ± append exports ± process growth in spe! cific areas and strengthen topical anaesthetic communities ±Help innovate ±Improve skills of the workforce ±Strengthen family ties - 2/3 of small businesses are family owned Business terminuss: 2 different business aspirations: 1.Financial goals 2.Social goals Financial goals: 1.Breaking even: the 1st goal of any business in survival. Business needs to support enough revenue to cover its costs, otherwise it looses... Well, since Ive just learnt my business studies, related to general business), I see that you did a mature job in this essay. I am able to re-read these notes for my burn down shot tests :-) Thanks!!! If you want to get a right essay, differentiate it on our website: OrderEssay.net

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