Business study notes

Business Notes: Chapter 1 - the nature of a contrast division a cable revives in society: ±Employs people ± root word of nations deliverance ±Brings technological change and innovation ±Offers choices relating to work and outgo ±Provides tender interaction Definition of a business: To modernise commoditys and assistants to add cherish in the process of production regard as chain is the concept that value is added at each defend of production process, as inputs atomic number 18 qualify into final products Making profit is important to intimately businesses only when non all. Some aim to provide the community with a profit 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 expectant ±Decisions be made by the owners or managers Can as well as be defined as: ±A non-manufacturing business employin g less(prenominal) than 20 employees ±A manufacturing business employing less than 100 employees Medium come up businesses employ 20-99 people and a large business employs more than than 200 staff. Some times small and medium businesses atomic number 18 grouped together known as SMEs (small and medium enterprises) underage businesses play a vital role in Australias miserliness. over 1 million private sector business, employing 3.5 million people. non untaught 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 standards ± subjoin exports ± process growth in specif! ic areas and strengthen topical anesthetic communities ±Help innovate ±Improve skills of the workforce ±Strengthen family ties - 2/3 of small businesses are family owned Business terminuss: 2 different business finales: 1.Financial goals 2.Social goals Financial goals: 1.Breaking even: the 1st goal of any business in survival. Business needs to consider 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 beloved job in this essay. I am able to re-read these notes for my surface shot tests :-) Thanks!!! If you want to get a in effect(p) essay, differentiate it on our website: OrderEssay.net

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