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NATURE OF BUSINESS
MAGELLE R. OSMAN
LEARNING OBJECTIVES:
At the end of the lesson the students should be able to:
a. Demonstrate an understanding of the nature of
business.
b. Differentiate a businessperson from an entrepreneur
and a capitalist.
c. Identify the commonalities among the different
definitions of the term “business”
WHAT IS A BUSINESS?
WHAT IS A BUSINESS?
a.The activity of making, buying, or selling goods or
providing services in exchange for money.
b.Work that is part of job
c.The amount of activity that is done by a store,
company, factory, etc.
WHAT IS A BUSINESS?
bisignes which originally means “ care, anxiety,
occupation.
bisig adj. which mean “ careful, anxious, occupied,
diligent”.
Rather , business is one’s occupation, engagement
or work.
WHAT IS A BUSINESS?
Duska and Ragatz
Two business ethics scholars, said that the original
primary meaning of business is “to engage in
purposeful activity”.
THE NATURE OF BUSINESS
 1727 first evidence of the use of the term in relation to its
reference to “trade and commercial engagements”.
TITLE LOREM IPSUM DOLOR SIT AMET
2017
Lorem ipsum dolor sit amet
2018
Lorem ipsum dolor sit amet
2019
Lorem ipsum dolor sit amet

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Nature of business chpt 1.pptx

  • 2. LEARNING OBJECTIVES: At the end of the lesson the students should be able to: a. Demonstrate an understanding of the nature of business. b. Differentiate a businessperson from an entrepreneur and a capitalist. c. Identify the commonalities among the different definitions of the term “business”
  • 3. WHAT IS A BUSINESS?
  • 4. WHAT IS A BUSINESS? a.The activity of making, buying, or selling goods or providing services in exchange for money. b.Work that is part of job c.The amount of activity that is done by a store, company, factory, etc.
  • 5. WHAT IS A BUSINESS? bisignes which originally means “ care, anxiety, occupation. bisig adj. which mean “ careful, anxious, occupied, diligent”. Rather , business is one’s occupation, engagement or work.
  • 6. WHAT IS A BUSINESS? Duska and Ragatz Two business ethics scholars, said that the original primary meaning of business is “to engage in purposeful activity”.
  • 7. THE NATURE OF BUSINESS  1727 first evidence of the use of the term in relation to its reference to “trade and commercial engagements”.
  • 8.
  • 9. TITLE LOREM IPSUM DOLOR SIT AMET 2017 Lorem ipsum dolor sit amet 2018 Lorem ipsum dolor sit amet 2019 Lorem ipsum dolor sit amet