Business and Nature of Business

1. C V C I T C
Cagayan Valley Computer & Information Technology College, Inc.
BUSINESS IN GENERAL
AND NATURE AND
CONCEPT OF
MANAGEMENT
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CLIENT WILLIAM M. MALINAO

2. C V C I T C
Cagayan Valley Computer & Information Technology College, Inc.
During and at the end of the session,
students will be able to:
• define Business and other related terminologies;
• explain the relationship between Business and the economy;
• discuss the elements of Business systems and reasons for
going into business; and
• Realize the importance of business in the economy.
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3. C V C I T C
Cagayan Valley Computer & Information Technology College, Inc.
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BUSINESS

4. C V C I T C
Cagayan Valley Computer & Information Technology College, Inc.
BUSINESS
• Known as “Enterprise” or a ”firm”, is
an entity involved in the delivery
of goods and/or services to consumers.
• It is a social process which involves the
assembly and utilization of resources to
produce goods and services in order to satisfy
the needs of the society.
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5. C V C I T C
Cagayan Valley Computer & Information Technology College, Inc.
• It is an organization or enterprising entity
engaged in commercial, industrial or professional
activities. A company transacts business activities
through the production of a good, offering of a
service or retailing of already manufactured
products. A business can be a for-profit entity or
a nonprofit organization that operates to fulfill a
charitable mission.
• the activity of making, buying, or selling goods or
providing services in exchange for money
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6. C V C I T C
Cagayan Valley Computer & Information Technology College, Inc.
RELATIONSHIP BETWEEN
BUSINESS and ECONOMY
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7. C V C I T C
Cagayan Valley Computer & Information Technology College, Inc.
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8. C V C I T C
Cagayan Valley Computer & Information Technology College, Inc.
CIRCULAR FLOW
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9. C V C I T C
Cagayan Valley Computer & Information Technology College, Inc.
5 M’s of
Management
• Men (People)
• Money (Funds)
• Machine (Moderns
ways of Production)
• Materials (Needed to
create a product)
• Methods
(Techniques)
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8 M’s of
Management
• Management
• Messages
• Market’s

10. C V C I T C
Cagayan Valley Computer & Information Technology College, Inc.
ELEMENTS OF BUSINESS
SYSTEM
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11. C V C I T C
Cagayan Valley Computer & Information Technology College, Inc.
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12. C V C I T C
Cagayan Valley Computer & Information Technology College, Inc.
WHY BUSINESS??????
• Personal Satisfaction
• Family Involvement
• Independence and
power.
• Social Activities
• Profit Expectation
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• Flexibility
• More spare Time
• Call the shots
• Own Deadlines
• Own Environment
• Create Jobs
• Help People

13. C V C I T C
Cagayan Valley Computer & Information Technology College, Inc.
THANK YOU FOR
LISTENING
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14. C V C I T C
Cagayan Valley Computer & Information Technology College, Inc.
Activity 1
Explain the relationship between the economy
and firms and how elements of business system
affect this relationship?
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15. C V C I T C
Cagayan Valley Computer & Information Technology College, Inc.
Assignment:
• What is Management?
• Why management is considered
as science and an art???
• Kinds of Business
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