Business is a place where transactions occur between sellers and buyers. And also the business is a place where people work together.

1. Introduction
to
business

2. • Business is any transaction that occurs because of
the interaction between sellers and buyers.

3. • Businesses are profit or social welfare target.
• Businesses uses resources.
• Resources gives cost to the business.
• When reduces resources then reduce the cost of
the business.

4. • Different types of resources;
1. Land
2. Capital
3. Labor
4. Entrepreneurship

5. Entrepreneur
• Who has ability to
take risks,
organize resources,
face number of problems,
start new business.
• He has ideas to run a own business successfully.

6. Requirements to the business
1) Finance
2) Labor
3) Customers
4) Suppliers
5) Equipment
6) Management organization
7) Management structure
8) Designed, researched and tested product or service.

7. 1) Finance
• Difficult to obtain when starting a business.
• It is a main resource in business.
2) Labour
• This resource is essential
to develop, to produce & to deliver
a product or service.

8. 3) Customers
• Customers are important to any business.
• Businesses perform marketing activities to attract
customers.
• Without them selling process will fail.
4) Suppliers
• Suppliers provide inputs to businessmen.

9. 5) Equipment
• Equipment depend on the business activities.
( Large, small & modern office and factories)
6) Management organization and structure.
• Different forms of business are available.
• At the start up stage businesses are simple.

10. Thank you