This presentation is introduce business definition. It is very simple and helpful for everyone.

1. Introduction to Business

2. Definition of business
• Business: profit and non-profit seeking activities of
those engaged in purchasing or selling goods and
services to satisfy society’s needs and wants.

3. What is business?
• Activity seeking profit
• Provides goods/services
• Satisfy standard of living- quality of life [..Higher in
USA, Germany & Japan]
• Nonprofit organizations

4. Non-Profit Organization
• Not-for-profit organizations: businesslike
establishments that have primary objectives other than
returning profits to their owners

5. Evolution of Business
Early economy
The industrial
revolution
The manufacturing&
marketing services
The Service &
Internet-based
Economy

6. Evolution of Business in BD
• Agricultural/Manufacturing
• Service Industries
• Future???

7. Revenue, Profit and loss
Revenue -- The total amount of money a business takes in during
a given period by selling goods and services.
Profit -- The amount of money a business earns above and
beyond what it spends for salaries and other expenses.
Loss -- Occurs when a business’ expenses are more than its
revenues

8. Objectives of Business
Survival
Social
ResponsibilityGrowth

9. The role in business in society

10. Need and Needs satisfaction
• The multiplicity of human needs
o Humans have a wide range of unlimited physical and psychological needs to
satisfy
o Range from the most basic need for food to the need for self esteem
o Society has limited resources to satisfy needs:
• Natural resources
• Human resources
• Capital
• Entrepreneurship

12. A Business And its stakeholders

13. Factors Of Production
Land
Labor
Capital
Knowledge
Entrepreneurship

14. THANKS TO ALL