This document provides an introduction to business administration, outlining key business functions such as management, marketing, accounting, finance, and operations. It also examines the business environment, including factors in the external domestic and global environment as well as the economic system and types of markets. Key economic concepts such as supply and demand, different market structures, economic indicators, and the role of private enterprises are also summarized.

1. Business Administration

2. Introduction to Business Administration
Business functions
 Management ( making decisions ) HR
 Marketing ( customers to buy product or services )
 Sales
 Advertising
 Accounting ( revenue, expenses , assist,…. Profits )
 Finance ( how to manage money ) corporate finance
 Operations
 MIS ( Management Information system )

3. Business Environment
• Concept of business
 Consumer choice
 Opportunities
 Entrepreneurship
• External Environment
 Domestic business environment
 Global business environment
 Technology
 Political environment
 Legal environment
 Social – cultural
 Economic environment
• Economic system
 Land
 Capital ( Real and finance )
 Labor
 Physical resources
 Information resources
 Communism
 Planned economy
 Mixed Economy
 Capitalism
• Market System
 Supply
 Demand
• Privet enterprise
• Competition
 Perfect competition
 Monopolistic competition
 Oligopoly
 Monopoly
• Economic indicator
 Economic growth
 Standard of living
 Purchasing power
 GDP (growth domestic producing )