SlideShare a Scribd company logo
BUSINESS TRAITS
Acknowledgements
• This power point slide have been reproduced by DN
Mokoena with several sources as the backbone of
this presentation which is available on the last slide
of this presentation.
Different

• Forms of
ownerships
The business
Business Activities
•

Each business participates in at least three major
activities
1. Production – making a product or producing a service
•

Manufacturing firms – produce goods (ex. Ford Motor
Company)

•

Service firms – provide assistance to accomplish
specialized needs (ex. doctor, real estate agent)
Business Activities (cont’d)
2. Marketing – how goods and services are
exchanged between producers and consumers

3. Finance – money matters involved in running a
business
• Success depends on managerial effectiveness
• Risk is the possibility of failure
•
•
•
•
•

Competition from other businesses
Changes in prices
Changes in style
Competition from new products
Changes that arise from economic conditions
• Almost two-thirds of businesses fail from economic
causes
• Industry weakness, low profits, and low sales
• Other causes of business failure include
• Finance causes (ex. expenses/debts)
• Disaster and fraud (ex. hurricanes/theft)
• Neglect causes (ex. poor work habits)
• Strategy causes (ex. overexpansion)
• Experience causes (ex. inadequate planning)
Reference
Evarard, Kenneth E., Burrow, James L. (2001).
Business Principles and Management. Mason, OH:
South-Western.
Evarard, Kenneth E., Burrow, James L. (2001). Business Principles
and Management. Mason, OH: South-Western.
Kimguy, (2002).Forms of ownership.
Mr. Pathan A.B. MGM’s.(2002). Forms of Ownership.
Tomfrey, (2002).Forms of Business Ownership.
Christain Dushaj Joey Selita.(2010) Forms of Business Ownership.

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Forms of business ownership for grade 10 learners

  • 2. Acknowledgements • This power point slide have been reproduced by DN Mokoena with several sources as the backbone of this presentation which is available on the last slide of this presentation.
  • 3.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 16. Business Activities • Each business participates in at least three major activities 1. Production – making a product or producing a service • Manufacturing firms – produce goods (ex. Ford Motor Company) • Service firms – provide assistance to accomplish specialized needs (ex. doctor, real estate agent)
  • 17. Business Activities (cont’d) 2. Marketing – how goods and services are exchanged between producers and consumers 3. Finance – money matters involved in running a business
  • 18. • Success depends on managerial effectiveness • Risk is the possibility of failure • • • • • Competition from other businesses Changes in prices Changes in style Competition from new products Changes that arise from economic conditions
  • 19. • Almost two-thirds of businesses fail from economic causes • Industry weakness, low profits, and low sales • Other causes of business failure include • Finance causes (ex. expenses/debts) • Disaster and fraud (ex. hurricanes/theft) • Neglect causes (ex. poor work habits) • Strategy causes (ex. overexpansion) • Experience causes (ex. inadequate planning)
  • 20. Reference Evarard, Kenneth E., Burrow, James L. (2001). Business Principles and Management. Mason, OH: South-Western. Evarard, Kenneth E., Burrow, James L. (2001). Business Principles and Management. Mason, OH: South-Western. Kimguy, (2002).Forms of ownership. Mr. Pathan A.B. MGM’s.(2002). Forms of Ownership. Tomfrey, (2002).Forms of Business Ownership. Christain Dushaj Joey Selita.(2010) Forms of Business Ownership.