2. 2/24/2011 Free template from www.brainybetty.com 2 BUSINESS It is the human activity directed towards the acquisition of wealth through the production of exchange of goods and services. A business enterprise is an economic institution as it is engaged in the production and distribution of goods and services in order to earn profits.
5. INDUSTRY Its branch of business which is concerned with the production of goods and services. Some types of industries are: EXTRACTIVE INDUSTRIES: Products drawn out from natural resources.eg;agriculture,mining, fishing. 2/24/2011 Free template from www.brainybetty.com 4
11. COMMERCE It includes all those activities which ensures a free and smooth flow of goods and services from producers to consumers. 2/24/2011 Free template from www.brainybetty.com 6
12. TRADE its concerned with sale or transform or exchange of goods and services. 2/24/2011 Free template from www.brainybetty.com 7 Domestic trade
18. CHARACTERISTICS OF MODERN BUSINESS. ECONOMIC ACTIVITY All activities relating to the production and distribution of goods and services are called economic activity. SALE Exchange of goods and services for price. 2/24/2011 Free template from www.brainybetty.com 13
19. DEALING IN GOODS AND SERVICES Provides goods and services to society. PROFIT MOTIVE Business carried with purpose of earning profit RISK OR UNCERTAINITY The risks are always there in the business. 2/24/2011 Free template from www.brainybetty.com 14
20. ORGANISATIONS Its helpful in smooth running of the business and achieving the objectives. 2/24/2011 Free template from www.brainybetty.com 15
21. CONSUMER SATISFACTION The business should try to satisfy the needs of consumers in order to maintain their customers. 2/24/2011 Free template from www.brainybetty.com 16
22. GLOBALISATION Products are being sold through global network. 2/24/2011 Free template from www.brainybetty.com 17 McDonald’s Franchises Are Sold Worldwide
24. Objectives of modern business… 2/24/2011 Free template from www.brainybetty.com 19 PROFIT GROWTH POWER
25. EMPLOY SATISFACTION AND DEVELOPMENT QUALITY PRODUCTS AND SERVICES MARKET LEADERSHIP CHALLENGING 2/24/2011 Free template from www.brainybetty.com 20
26. Joy of creation Services to society 2/24/2011 Free template from www.brainybetty.com 21
27. BUSINESS ENVIRONMENT It’s the set of conditions economic,social,political or institutional in which business operations are conducted. 2/24/2011 Free template from www.brainybetty.com 22
28. INTERNAL ENVIRONMENT Factors existing within a business firm.these factors are controllable. Mission and objectives Top management structure. Power structure Human and other resources. 2/24/2011 Free template from www.brainybetty.com 23
31. POLITICAL AND LEGAL ENVIRONMENT It refers to the influence exerted by the three political institutions viz,legislature,executive,and the judiciary in shaping directing developing and controlling business activities. 2/24/2011 Free template from www.brainybetty.com 26
32. LEGAL ENVIRONMENT It consist of all the rules regulations and procedures which govern business activities. General laws Financial laws Labour laws Taxation laws 2/24/2011 Free template from www.brainybetty.com 27
33. SOCIO-CULTURAL ENVIRONMENT It refers to the influence exercised by certain factors which are beyond the company’s gate. 2/24/2011 Free template from www.brainybetty.com 28
