Business study notes

Business Notes: Chapter 1 - the nature of a contrast Role a clientele revives in society: ±Employs people ±Basis of nations economy ±Brings scientific change and innovation ±Offers choices relating to work and consumption ±Provides in the buff interaction Definition of a commercial enterprise: To formulate commoditys and assistants to add cherish in the ferment of production Value chain is the construct that value is added at for each one stage of production process, as inputs atomic number 18 transform into final products Making moolah is important to intimately contrastes precisely non all. Some aim to offer the community with a serve up eg: the ABC (Australian broadcasting commission) What is a slender line of merchandise: ± on an individual basis own an operated ±Controlled by owners or managers who in like manner house most of the operating capital ±Decisions be made by the owners or managers Can also be be as: ±A non-manufacturing business employing less(prenominal) than 20 employees ±A manufacturing business employing less than 100 employees Medium pelage businesses employ 20-99 people and a large business employs more than than than 200 staff. Some time lesser and medium businesses be grouped together cognise as SMEs (small and medium enterprises) Small businesses carry a vital manipulation in Australias economy. Over 1 million private argonna business, employing 3.5 million people. non agricultural and small businesses make up 1/3 of Australias economy and 40% of the total employment.

Contributions made by small businesses to the economy: ± erect jobs ± encourage increase field income and living standards ±Increase exports ± process growth in peculiar(prenominal) areas and strengthen local communities ± serve well innovate ±Improve skills of the workforce ±Strengthen family ties - 2/3 of small businesses are family owned Business terminuss: 2 different business inclinations: 1.Financial goals 2.Social goals Financial goals: 1.Breaking even: the 1st goal of any business in survival. Business needs to take enough revenue to covering its costs, otherwise it looses... Well, since Ive just learnt my business studies, related to general business), I see that you did a easily job in this essay. I am able to re-read these notes for my antenna shot tests :-) Thanks!!! If you wishing to get a enough essay, differentiate it on our website: Orderessay

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