BUSINESS MANAGEMENT INTRODUCTION TO BUSINESS MANAGEMENTINTRODUCTION eure Cin Res ar ne Q Some are run by only one person who carry out all of the required functions. O Others employ thousands of people and provide goods and services to people all Cues G1 Each business can be defined or described by it’s type of ownership, the goods produced or services offered, the types of jobs provided, or the functions it PECRUS ecua a a WHAT DO BUSINESSES DO? Cee Sec au eR ea ee A EC) ena Musa CRISS gee eRe a cu ee ak a Pree eer eee a eae Te eer cues CO OSC ac acer et eee Cur) else Cel tl cee elect elle od Cre ee tees eae eee ice cyt emWHAT DO BUSINESSES DO? (CONTINUE) att) ORC UN aR ev eee ee [etl iE ee Stakeholders fae (ON A BO aA a Local Community/Environment ~- < Tacs cto urns ee TT oleyWHAT DO BUSINESSES DO? (CONTINUE) {Take Inputs | [Process/ Manufacture | ( Output ) —_7 Costs - Fixed and Variable) { Revenue | {Profit |PANEL OL awa 'e Bt Rag tens Ure ete eis Mestre ean ss ea aa cet erat tlle tack grea Industry. Qindustry can be separated into 3 categories which ; Tria Cea Primary ‘Secondary CCGA. PRIMARY INDUSTRY O Primary industry are those involved in the first stage of development of products. Ue en en ee Cee ete eat RC ae eset Mining, fishing, agriculture, forestry, and oll and gas extraction are all primary industries eee ea gen gece aon ee ue en eae SPCC ua Men Rg aB. SECONDARY INDUSTRY erg net ee ce er ed Q Gold and silver cores are refined and made into jewellery O Crude oil is refined into machine oil, gasoline, and plastics O Wheat is milled into flour and baked into breads and cookies DOS UIE Seu Cu Ree eC mT Pee Et Ia meC. TERTIARY INDUSTRY O Tertiary Industry provide services to consumers and other businesses. Ree een a Rea esa eee as eet ieee ete Rue O Tertiary industries are rapidly expanding creating job opportunities in service occupations. U Due to advances in technology (including electronics, communications, and computer science and aerospace), an aging population and busy society, consumers often demand for higher quality services.10 FACTORS INFLUENCES ON BUSINESS 1) Natural Resources De ee ese Emer eee a oem wealth, water resources, vegetation, formation of surface and climate. Pa ee tee tee ae Seen oe) Rete! Seen ce ae eee re ee ey Bee eee Prue d = Human resource is an important determining factor foes See Me intelligent, efficient trained and adequate then rapid eee nee = Shortage of labor force and unhealthy and inefficient Labor force obstacles in the way of business Cee cas Oe eae uns eet ep eee Beene10 FACTORS INFLUENCES ON BUSINESS (continvE) Secu ey Deere ear ete es + The economic system has positive as wel as negative impact both. The main systems are Con eee] Se ecw eect oe ay poetry ‘©The possession of property, proft motivation, economic freedom, competition and free price ee eee eae eee et pore Reel ee ay © This system has total contol overall production resources ofthe country. eee ee welfare are achieved through economic planning, social ownership, eficient and professional Coronet See ce a cae) ot peers Pree ert el © Both the private and government sector business operate, Simultaneously. roe nee Tree Ct eee ns ree seen ne eesti10 FACTORS INFLUENCES ON BUSINESS (contINvUE) canada naed * Business environment is also affected by economic ecco muc nt De erate Aer se policy, fiseal pliey, agricultural poly, priee policy, labor Pe eae ee tee es eee cre ee ee een eee) eet ete es ee nee eo Se Ren ene) Pete eee ean ey Sea tee ee ean at One eect ey eee re CRO ee ee ec et eee eer vad Dee ee ees tr eer Peete oge ges Oe tees Cee eee ee el environment of different countries main calls for product, eles DR ee ea Ma ae ace ees10 FACTORS INFLUENCES ON BUSINESS (conTINUE) Or er Se ee cee ec Scone ee See Ee een Pe ct ec ce Seema se ee one Sem nena Re sete Nor ae te See Oi eee een ee ome eee eto! eeu oe Mee ny ‘economic environment is good, otherwise, itis bad Sees es Pe eaten ered eet ae formation, balance of trade, exchange rate, and foreign Srnec ea eet a Deen ed Seen er eer og the market situation, as follows: * In situation of pertect competition, optimum utiization leet ee ent age eam ee ee eer eas Se cr ttn blocked due to high costs, high prices, low Cee cee rd ee ome aed ere ne ee cross errors Seed Cae Coe eee) pote ee eet etc ae) ees10 FACTORS INFLUENCES ON BUSINESS (contINvUE) Oe enc De etn oc ae facilties and composition Pee ee et ee ‘economic development will be rapid and strong in those countries. Oe Cee econ Cry eee * Asa result, the pace of development is not only slow, but ‘ven the foundation is also nat very strong, Cee eg Beene eeu enced eee na A ee net ea ae eh eee ee Ser ne cciet e eeeceerl Pe tana eee en Peete Cac ee orca ee ae eee at ee ete ete ee Ty method of promoting the product may have to varied sult eee ee ee eae