Ebs chapter 1 - Introduction to Business Activities

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Ebs chapter 1 - Introduction to Business Activities

  1. 1. CHAPTER ONE INTRODUCTION TOBUSINESS ACTIVITIES WHAT/WHO/WHERE/WHY/WHEN & HOW? EBS Chapter 1
  2. 2. Businesses add value to the community by: Provide goods Contribute to wealth Provide jobsand services to of country for people people
  3. 3. TYPES OF BUSINESSES Goods-producing Service Produce goods that can be Produce services that CANNOT SEEN and TOUCHED be seen or touched but can be EXPERIENCEDProduce goods with the use of Services are performed when machines and/or labour sellers interact with customers Examples ExamplesCreative Technology Ltd – Chan Brothers Travel – Travelmanufacture sound cards for and tourism computersBreadtalk – breads, pastries Jean Yip Hairdressing – for and cakes hair treatments and services
  4. 4. Land Labour Resources Capital Enterprise EBS Chapter 1
  5. 5. Personal Loan from family members Savings or friends Getting Money Trade Credit *Pay your suppliers laterBank Loan EBS Chapter 1
  6. 6. Interest Calculation Interest= Amount borrowed x Rate of interest per year
  7. 7. What affects Businesses Economic Demographic Social Technological GlobalPolitical and legal
  8. 8. Competition Direct Indirect (Sells same/ (Sells products that meet similar products) the same needs of customers) Fast food McDonald Burger King TS Vision / Golden Village Fast food KFC MosBurger Video Ezy Petrol Shell Caltex Swensons’ McDonald Movies Cathay Shaw KFC PizzahutSchool Shoes Bata ConverseSmartphones Apple Blackberry EBS Chapter 1

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