Business is the art of exchange of goods and services for the purpose of making profit. It is customer geared with a lot of orientation to meet customer's specification. Various world economies are driven by the conduct of the business. Capitalist economies are the one that rely so much on the business phenomenon. Business dealings can incorporate a private investment as well as the public sector.
Another motive behind the business is wealth creation. A business may be owned by a group of individuals. This forms the company. The inception of the whole business idea is as a result of the state and the individual or the society in a commercial relationship to come up together in a viable way.
There is a lot of meaning of the term business. The first meaning is business as an organization in general. The second meaning is the general usage of the word business to refer to a particular sector of a market. The last meaning is derived from the overall market sector of the supply and demand of goods and services.
The area chosen by the business owners is called industry. Government set laws that are meant to set a level praying ground for the players. This is done through administration of taxes and guidelines to be followed. Apart from government and citizen operating independently the at times join t6ogether to form a public private partnership due to the complexity of the venture and the risks involved.
Business Organization: The organization of the business is determined by various factors. There are various factors that affect the organization of a business:Size of the firm. The size of the firm determines the complexity nature of the business.Country of operation. This deals with the legislation governing the business operation. Liability. The liability may be limited or unlimited. A limited business operation may be limited in the sense that the customer's asset is a separate legal entity to sue or be sued in a court of law. Liability clause is an obligation under the law of contract .
Another motive behind the business is wealth creation. A business may be owned by a group of individuals. This forms the company. The inception of the whole business idea is as a result of the state and the individual or the society in a commercial relationship to come up together in a viable way.
There is a lot of meaning of the term business. The first meaning is business as an organization in general. The second meaning is the general usage of the word business to refer to a particular sector of a market. The last meaning is derived from the overall market sector of the supply and demand of goods and services.
The area chosen by the business owners is called industry. Government set laws that are meant to set a level praying ground for the players. This is done through administration of taxes and guidelines to be followed. Apart from government and citizen operating independently the at times join t6ogether to form a public private partnership due to the complexity of the venture and the risks involved.
Business Organization: The organization of the business is determined by various factors. There are various factors that affect the organization of a business:Size of the firm. The size of the firm determines the complexity nature of the business.Country of operation. This deals with the legislation governing the business operation. Liability. The liability may be limited or unlimited. A limited business operation may be limited in the sense that the customer's asset is a separate legal entity to sue or be sued in a court of law. Liability clause is an obligation under the law of contract .
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