Business_definition_&_Characteristics_-_Copy[1].ppsx

8/9/2019 Business_definition_&_Characteristics_-_Copy[1].ppsx

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BUSINESS DEFINITION &CHARACTERISTICS


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Origin:

Old English bisignis'anxiety' (see bsy! "ness#$the sense 'state % being bsy' as sed %)

*iddle English d%n t% the +,th -enty! bt isn% di.eentiated as busyness/ The se'a00%inted tas1' dates %) late *iddle English!and %) it all the %the -ent senses ha2ede2el%0ed
http://oxforddictionaries.com/definition/english/busyhttp://oxforddictionaries.com/definition/english/--nesshttp://oxforddictionaries.com/definition/english/--nesshttp://oxforddictionaries.com/definition/english/busy


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O3FORD DICTIONAR4

Defnition

an %--0ati%n! 0%essi%n! % tade

the 0-hase and sale % g%%ds in an atte)0t t%

)a1e a 0%5t/ a 0es%n! 0atneshi0! % -%0%ati%nengaged in

-%))e-e! )ana-ting! % a se2i-e$ 0%5t"see1ing ente0ise % -%n-en/

a bilding % site hee -%))e-ial %1 is-aied %n! as a a-t%y! st%e! % %7-e$ 0la-e %%1
http://dictionary.reference.com/browse/corporationhttp://dictionary.reference.com/browse/commercehttp://dictionary.reference.com/browse/commercehttp://dictionary.reference.com/browse/corporation


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Bsiness is an e-%n%)i- a-ti2ity! hi-h is elated ith-%ntin%s and egla 0%d-ti%n and distibti%n %g%%ds and se2i-es % satisying h)an ants/

All % s need %%d! -l%thing and shelte/ 8e als% ha2e)any %the h%seh%ld e9ie)ents t% be satis5ed in% daily li2es/

8e )eet these e9ie)ents %) the sh%01ee0e/

The sh%01ee0e gets %) h%lesale/ The h%lesale

gets %) )ana-tes/The sh%01ee0e! the h%lesale! the )ana-te ae

d%ing bsiness and thee%e they ae -alled asBsiness)an
http://kalyan-city.blogspot.com/2011/03/what-are-economic-activities-types-of.htmlhttp://kalyan-city.blogspot.com/2011/03/what-are-economic-activities-types-of.html


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DEFINITION

An %gani:ati%n% e-%n%)i- syste)heeg%%ds and se2i-esae ex-hanged % %nean%the % % )%ney/ E2ey bsiness e9ies

s%)e %)% in2est)entand en%gh -st%)est% h%) its %t0t-an be s%ld %n a -%nsistentbasis in %de t% )a1e a 0%5t/ Bsinesses -an be0i2ately %ned! n%t"%"0%5t % state"%ned/ Anexa)0le % a -%0%ate bsiness is ;e0siC%
http://www.businessdictionary.com/definition/organization.htmlhttp://www.businessdictionary.com/definition/economic-system.htmlhttp://www.businessdictionary.com/definition/goods-and-services.htmlhttp://www.businessdictionary.com/definition/money.htmlhttp://www.businessdictionary.com/definition/form.htmlhttp://www.businessdictionary.com/definition/investment.htmlhttp://www.businessdictionary.com/definition/customer.htmlhttp://www.businessdictionary.com/definition/output.htmlhttp://www.businessdictionary.com/definition/consistent.htmlhttp://www.businessdictionary.com/definition/profit.htmlhttp://www.businessdictionary.com/definition/profit.htmlhttp://www.businessdictionary.com/definition/consistent.htmlhttp://www.businessdictionary.com/definition/output.htmlhttp://www.businessdictionary.com/definition/customer.htmlhttp://www.businessdictionary.com/definition/investment.htmlhttp://www.businessdictionary.com/definition/form.htmlhttp://www.businessdictionary.com/definition/money.htmlhttp://www.businessdictionary.com/definition/goods-and-services.htmlhttp://www.businessdictionary.com/definition/economic-system.htmlhttp://www.businessdictionary.com/definition/organization.html


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Lewis Henryde5nes bsiness as!


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DEFINITIONS FRO* COURT ROO*


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Features oBusiness


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2. !change o goods and

services

All bsiness a-ti2ities ae die-tly

% indie-tly -%n-ened ith theex-hange % g%%ds % se2i-es% )%ney % )%ney's %th/


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". Dea#s in nu$erous transactions

In bsiness! the ex-hange % g%%ds and se2i-es is a

egla eate/ A bsiness)an eglaly deals in an)be % tansa-ti%ns and n%t =st %ne % t%tansa-ti%ns/


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%. &roft is the $ain O'(ective

The bsiness is -aied %n ith the intenti%n % eaning a 0%5t/The 0%5t is a ead % the se2i-es % a bsiness)an/

). Business ski##s or econo$ic success

Any%ne -ann%t n a bsiness/ T% be a g%%d bsiness)an! %neneeds t% ha2e g%%d bsiness 9alities and s1ills/ A bsiness)anneeds ex0eien-e and s1ill t% n a bsiness/

*. +isks and ,ncertainties

Bsiness is sb=e-t t% is1s and n-etainties/ S%)e is1s! s-h asis1s % l%ss de t% 5e and thet -an be insed/ Thee ae als%n-etainties! s-h as l%ss de t% -hange in de)and % all in0i-e -ann%t be insed and )st be b%ne by the bsiness)an/


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-. Buyer and Se##er

E2ey bsiness tansa-ti%n has )ini)) t% 0aties that

is a bye and a selle/ Bsiness is n%thing bt a -%nta-t% an agee)ent beteen bye and selle/

. /onnected with production

Bsiness a-ti2ity )ay be -%nne-ted ith 0%d-ti%n %g%%ds % se2i-es/ In this -ase! it is -alled as indstial

a-ti2ity/ The indsty )ay be 0i)ay % se-%nday/

0. 1arketing and Distri'ution o goods

Bsiness a-ti2ity )ay be -%n-ened ith )a1eting %

distibti%n % g%%ds in hi-h -ase it is -alled as-%))e-ial a-ti2ity/


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3. Dea#s in goods and services

In bsiness thee has t% be dealings in g%%ds andse2i-e/

>%%ds )ay be di2ided int% %ll%ing t%-ateg%ies ?"

/onsu$er goods? >%%ds hi-h ae sed by 5nal-%ns)e % -%ns)0ti%n ae -alled -%ns)eg%%ds e/g/ T/@/! S%a0s! et-/

&roducer goods? >%%ds sed by 0%d-e %

the 0%d-ti%n ae -alled 0%d-es g%%ds e/g/*a-hiney! e9i0)ents! et-/ Se2i-es ae intangiblebt -an be ex-hanged % 2ale li1e 0%2idingtans0%t! aeh%sing and insan-e se2i-es! et-/


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. 4o Satisy hu$an wants

The bsiness)an als% desies t% satisy h)anants th%gh -%nd-t % bsiness/ By 0%d-ingand s00lying 2ai%s -%))%dities! bsiness)enty t% 0%)%te -%ns)e's satisa-ti%n/

2. Socia# o'#igations

*%den bsiness is se2i-e %iented/ *%denbsiness)en ae -%ns-i%s % thei s%-iales0%nsibility/ T%day's bsiness is se2i-e"%ientedathe than 0%5t"%iented/


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+/ ARTS AS 8E AS SCIENCE

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Business_definition_&_Characteristics_-_Copy[1].ppsx