Business Define Type Business decision Define Type Example Process Objectives Conclusion

1. Studying of Business Decision
Submitted to : Sir Hafiz M. Rashid
Submitted by : M .Khalid
Hifza Saeed

2. A Business is earned to Profit. Business is an organization
that engages in professional activities.
What is Business?
Department of Mathematics

3. Business Definition
 Business is also the efforts and activities of a
person who is producing goods or offering services
with the intent to sell them for profit.
 They can be commercial, industrial, or others.
 For-profit business entities do business to earn a
profit, while non-profit ones do it for a charitable
mission.
 Businesses can be small-scale or large-scale.
Some of the biggest businesses in the world are
Amazon and Walmart.
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4. Types of Business:
Business ownership includes partnerships, sole proprietorships, corporations
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5.  In this kind of business, a
single person owns and
operates the business.
 There isn’t any kind of legal
separation between the owner
and business.
 For example: a local grocery
store , an artist ,clothes store
etc.
1: Sole Proprietorship
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6. owner.A 2: Partnership
 It is a business where two or more people run it
together.
 Partners bring resources and money.
 Then the shares in the profit or loss
are divided amongst them.
 example : real estate investment
firms ,
 Accounting groups etc.

7. 3: Corporation
 In this business, a group of individuals act together as a
 single entity.
 The owners in this business are called shareholders.
 They discuss their views on the common stock of the
 corporation.
 Example: marketing ,retail supply, farmers and community
services

8. Business Decision
Key Words:
State your mission , career move, business judgment .
Definition:
A business decision, is any choice made by a business
professional that determines short-term or long-term
company activities.
Example:
Moving into new markets
Being quick to market
Taking on a Partnership
Merging two companies

9. Business decision process

11. Business Decision Objectives
Survival of Business
Build boost employee morale
Save time /money
Creating thinking
Maximize the profit
Co-ordination

12. 1: Survival of business
• Decisions are necessary for survival of any business ,regardless of its
size or shape.
• Its essential to know that not all decisions have the same impact
on your business
• Its help to find the level of risk of company is willing to accept in
pursuing business opportunities.
2: Boost employee morale
• When a company take good decision and make a good leaders.
• Who listening employees’ ideas ,being open-minded and findings
ways to meet their needs which help to build-up business.
• Willing to take risks and put themselves out there by taking the lead
on projects.

13. 3: Save Time /money
• Good Decision- making in business will free up your time from
overthinking.
• Delay decide not only gets a lots of time wasted but also drains the
motivation of individuals away.
4: Creative thinking
• When tasked with using decision making tool ,team members
involved in process tend to stretch their imagination to make
possible outcome to consider.
• It inspire more creativity.
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14. 5: Profit maximization
• Profit maximization theory assumes that company’s goal
is to maximize profits.
• Decision making process in a company
rational and efficient ,and
• In order to maximize profits ,
the firm will take advantage of market
opportunities and use its resources
efficiently.
:
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15. 6: Co-ordination
• Decision making in business is essential for providing Unity
of action.
• It will help to decide how standard is to be laid down.
• How deviations from standard are to be rectified.
• How rules are established .
• How instructions are to be issued and so on.

16. 7: Quality output:
In making decision or rules of business ,
it is decide to make products with best quality .
As success of business linked with quality output.
A brand name established for products .People like the branded goods for
best quality in market.
As we know , best quality can develop the confidence of buyer.

17. Conclusion:
Decision-making is crucial component of business .
One should always weigh the positive and negative
business consequences and should favour the positive
outcomes.
Summarize your main pieces of information , which might
include new , important facts ,projections .
Today business management is based on two fundamental
principles :
1: Effective
2:Resources utilization
3:Productivity
It is not possible for business that fail comply with these
principles to suitable and competitive.