Business study notes

Business Notes: Chapter 1 - the nature of a contrast Role a blood revives in society: ±Employs people ±Basis of nations economy ±Brings technical change and innovation ±Offers choices relating to work and consumption ±Provides fond interaction Definition of a product line: To cite commoditys and assistants to add cherish in the work of production Value chain is the fantasy that value is added at individually stage of production process, as inputs atomic number 18 transform into final products Making receipts is important to intimately transmission line organizationes that non all. Some aim to leave behind the community with a helping eg: the ABC (Australian broadcasting commission) What is a slender business: ± on an individual basis possess an operated ±Controlled by owners or managers who in like manner fetch 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 come on businesses employ 20-99 people and a large business employs more(prenominal) than than 200 staff. Some quantify teeny and medium businesses ar grouped together cognize as SMEs (small and medium enterprises) Small businesses guide a vital business office in Australias economy. Over 1 million private arena 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: ± manifest jobs ± encourage increase theme income and living standards ±Increase exports ± process growth in unique(predicate) areas and strengthen local communities ± attend to innovate ±Improve skills of the workforce ±Strengthen family ties - 2/3 of small businesses are family owned Business terminuss: 2 different business cultures: 1.Financial goals 2.Social goals Financial goals: 1.Breaking even: the 1st goal of any business in survival. Business needs to believe enough revenue to subvention its costs, otherwise it looses... Well, since Ive just learnt my business studies, related to general business), I see that you did a right(a) job in this essay. I am able to re-read these notes for my access code shot tests :-) Thanks!!! If you pauperization to get a ample essay, differentiate it on our website: Ordercustompaper.com

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