CHAPTER 1 BST.pptx
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This document discusses the concept and nature of business. It defines business as an economic activity involving the production and sale of goods and services with the goal of earning a profit. It distinguishes between economic activities, which are performed to earn a living, and non-economic activities like charity. The document also outlines the characteristics and objectives of business, as well as the risks involved and factors to consider when starting a new business.
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manage and coordinate all activities.
- Loss of personal touch: as the business grows bigger, the
owner may lose personal contact with customers and staff.
- Increased costs: growth leads to higher costs of operations
like rent, wages, utilities etc. which can reduce profits.
- Difficulty in coordination: coordination between different
departments and branches becomes difficult as the business
expands.
- Loss of flexibility: a large business finds it difficult to adapt
quickly to changing market conditions compared to a small
business.
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বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
Assessment and Planning in Educational technology.pptx
In an education system, it is understood that assessment is only for the students, but on the other hand, the Assessment of teachers is also an important aspect of the education system that ensures teachers are providing high-quality instruction to students. The assessment process can be used to provide feedback and support for professional development, to inform decisions about teacher retention or promotion, or to evaluate teacher effectiveness for accountability purposes.
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CHAPTER 1 BST.pptx
- 1. CHAPTER 1 NATURE AND CONCEPT OF BUSINESS
- 2. CONCEPT OF BUSINESS. • The term is derived from the word busy. Thus, business means being busy. • In specific sense- ‘it refers to an occupation in which people regularly engage in the activities related to purchase, production and sale of goods and services with a view of earning a profit and satisfy the needs of other people.
- 4. • ECONOMIC ACTIVITIES- the activities performed to earn a livelihood • example: Employment • NON-ECONOMIC ACTIVITIES- the activities performed out of sentiments. • example: Charity
- 5. TYPES OF ECONOMIC ACTIVITIES ECONOMIC ACTIVITY BUSINESS PROFESSION EMPLOYMENT
- 6. BUSINESS • It may be defined as, “an economic activity involving the production and sale of goods and services undertaken with a motive of earning profits by satisfying human needs in the society. • Example: Sunfeast, Puma, etc.
- 7. PROFESSION • It is an activity involving specialized services provided by well qualified experts in return for professional fees. • Example: Doctors, Lawyers, Chartered Accountants.
- 8. EMPLOYMENT • It stands for performing work as per service contract under an employer in return for salaries and wages. • Example: Managers, Teachers, laborers.
- 10. CHARACTERISTICS OF BUSINESS ACTIVITIES • An economic activity • Production and Procurement of goods and services • Sale or exchange of goods and services • Dealings in goods and services on a regular basis • Profit earning • Uncertainty of return • Element of risk
- 12. OBJECTIVES OF THE BUSINESS • PRIMARY OBJECTIVE- PROFIT MAKING • REASONS: • It is the main source of income • Used for all the requirements of the business • Indicates efficiency • Builds reputation.
- 13. • SECONDARY OBJECTIVES- • Market standing • Innovation • Productivity • Physical and financial resources • Earning profits • Employee performance and development • Social responsibilities
- 14. BUSINESS RISKS • It refers to the possibility of inadequate profits or even losses due to uncertainties or unexpected events. • TYPES: • SPECULATIVE RISK: can result in a loss or a profit • PURE RISK: it is a possibility of a loss or no loss.
- 15. NATURE OF BUSINESS RISK • Arise due to uncertainties • Is an essential part of every business • Depends upon the nature and size of the business • Profit is the reward for taking risk
- 16. CAUSES OF BUSINESS RISK • Natural causes • Human causes • Economic causes • Other causes
- 17. STARTING A BUSINESS • Selection of line business • Size of the firm • Choice of the firm • Location • Finance or Capital • Physical facilities • Plant layout • Workforce commitment • Tax planning • Launching the enterprise.