The word "business" means the state of being busy. Age range: 5-7. v. Financier However, you may visit "Cookie Settings" to provide a controlled consent. Organizations closely monitor their customer markets in order to adjust to changing tastes and preferences. Business will attract customers by provision of quality desired goods and services at reasonable prices. By considering this, the course introduction to business has been designed. This preview shows page 1 - 3 out of 11 pages. Disturbances in the environment may spell profound threats or new opportunities. An Introduction to Business Studies Question 1 Arena flowers is one of the renowned UK based company delivering fresh flowers to the customers directly from the growers avoiding the middlemen. Typewriting Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The main objective of going into a business is to make a profit. A market is people or organizations with wants to satisfy, money to spend, and the willingness to spend it. This unit covers the basic concepts that give context to a business. The U.S. is India's largest trading partner; bilateral trade in 1998-99 was about $10.9 billion. 2.4 Multidimensional. Beginning in the late 1970s, successive Indian governments sought to reduce state control of the economy. can be touched and felt e.g. More often than not, these forces are beyond the control of an organization and its managers. Introduction. We cannot touch the service, but we can feel satisfied when they are rendered. By clicking Accept All, you consent to the use of ALL the cookies. Business Consultant etc. What Is Business Studies? Introduction to Business Studies. Form 1 Introduction to Business Studies Notes. Meaning & Importance Evolution of Business Explain It combines studies in commerce, accounting, management, economic, insurance, etc. Special interest groups have grown in number and power over the last three decades, putting more constraints on marketers. According to Engel's Laws, as income rises, the percentage of income spent on food decreases, while the percentage spent on housing remains constant. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". iii. Changes in major economic variables have a significant impact on the marketplace. 40 % comes from your final exam to be held sometimes in mid may next year. Commerce is sub-divided into trade and aids to trade. The organization must continuously monitor and adapt to the environment if it is to survive and prosper. 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Those who have undergone training in Business Studies can be employed as: Self-employment, for students who proceed to the University after a successful senior secondary education, can study the following courses, accountancy. The five components of Business Studies include:- Office Practice This is to help them acquire skills and knowledge for office occupation and administration. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. Required fields are marked *. The profit is made on behalf of the owner (Symons and Adams 1993). Academia.edu no longer supports Internet Explorer. Furthermore, students can differentiate between types of businesses. Use economic models, Any Houston, Texas, resident, armed with a free Houston Public Library PowerCard, can tap into a suite of office applications to write a resume, maintain a personal calendar, or keep records for a, Problem is: A family has to decide how much of their monthly income to spend on good 1 and good 2. Components of Business Studies. Explain how the various business environments influence a business. Meaning and Origin According to the Longman Dictionary of Contemporary English, business studies is the study of economics and management. Some decades ago, the means by which people earned their living was through trade by barter system. The study of business studies enables many people in our society today to know much on the following subjects and how these subjects can be applied in their practical lives. INTRODUCTION TO BUSINESS STUDIES. Business studies is a subject that provides us with the knowledge, understanding and skills needed for productive work or activity. Financial intermediaries help finance transactions and insure against risks and include banks, credit unions, and insurance companies. Green marketing or environmental concern about the physical environment has intensified in recent years. Office practice deals with the study of the principles & procedures of running an office. E.g. activities are related to the production of goods and provision of services. Understand Business and Nigerian Business Environment 6. The person who carries out these. Very nice and explanatory can use it to teach the young ones, Are you victor Ajayi in Interguide Academy School, I love this website I am going to start reading al subject here, Very comprehensive and well educated, I really appreciate your efforts, Your email address will not be published. This cookie is set by GDPR Cookie Consent plugin. Keyboarding in the techniques of using the computer or typewriter keyboard to produce printed information in a hard copy or soft copy. But opting out of some of these cookies may affect your browsing experience. Stockholders/shareholders are investors who become co-owners or partial owners of firms by buying the firm's stock. The activity must produce tangible ( visible) goods or intangible goods ( services). i. Importance of business studies It teaches you how to establish and run businesses (Private or Public) efficiently. The below problem Problem 1 Text: A family has to decide how much of their monthly income to spend on good 1 and good 2. U.S. values and beliefs include equality, achievement, youthfulness, efficiency, practicality, self-actualization, freedom, humanitarianism, mastery over the environment, patriotism, individualism, religious and moral orientation, progress, materialism, social interaction, conformity, courage, and acceptance of responsibility. The cookie is used to store the user consent for the cookies in the category "Analytics". Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. By the end of the topic, the learner should be able to: Explain the meaning and purpose of a business, Identify various types of business environments. 2) It gives opportunity for self reliance. You are on the right spot to know the answer of this question. This level, the term business studies comprise various areas of business that can be studied, analyzed and explained. The rapid rate at which technology changes has forced organizations to quickly adapt in terms of how they develop, price, distribute, and promote their products. In the context of business[1] the environment refers to the sum of internal and external forces operating on an organization. Introduction To Business Of Studies Depending on where you live, or school you may observe some or a number of the following activities. Click on a link to a specific material. It teaches you how to establish and run businesses (Private or Public) efficiently. Components Of Business Studies This website uses cookies to improve your experience while you navigate through the website. Price: KES : 100. Organizations hire lobbyists to influence legislation and run advocacy ads that state their point of view on public issues. It should be noted that any business activity must be legal and . Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Meaning of Commerce Commerce can be defined as human activities that deal with buying and selling of goods and services. Introduction To Business Course Syllabus: Most of the times this syllabus or you can say course outline is used for Business studies. Automatic approvals are available for investments involving up to 100% foreign equity, depending on the kind of industry. Economic and Non-Economic Activities Accordingly, the factors of the environment will need to be considered as inputs in the planning and forecasting models developed by an organization. Simply defined, business is any activity directed to provide service or exchange goods for money or payments lieu, for the purpose of satisfying human needs and wants. Demography is the study of human populations in terms of size, density, location, age, sex, race, occupation, and other statistics. This cookie is set by GDPR Cookie Consent plugin. 1. Should you have any further question, feel free to ask in the comment section below and trust us to respond as soon as possible. Chapter 1: Understanding Economic Systems and Business Chapter 2: Making Ethical Decisions and Managing a Socially Responsible Business Chapter 3: Competing in the Global Marketplace Chapter 4: Forms of Business Ownership Chapter 5: Entrepreneurship: Starting and Managing Your Own Business Enjoy the class! 3. Computer operators who use the computer to produce office information. They study the business process - inputs through to outputs and explore how profit is made. BUSINESS STUDIES. users. goods, services, production, distribution, consumption , economic and commerce. Hard copy refers to information on paper while softcopy refers to information on the computer storage device such as compact disc or flash drive. 2.1 Goal-oriented process. BUSINESS STUDIES TOPIC BY TOPIC QUESTIONS AND ANSWERS WAREHOUSING Q WAREHOUSING ANS TRANSPORT Q TRANSPORT ANS Young scholars examine what a business does. This session was created in 2016 for a business studies GCSE group. i) Business: Any activity that is carried out by an individual or an organization concerning provision of goods and services with a view to making profit. It provides small and medium scale employment for individuals and groups. These cookies will be stored in your browser only with your consent. 7. These. An organization operates within the larger framework of the external environment that shapes opportunities and poses threats to the organization. Social/cultural forces are the most difficult uncontrollable variables to predict. Business studies - it is the study of the activities that are carried out in and around production, distribution and consumption of goods and services Business environment - these are the business surroundings which may be internal or external Goods - These are items which are tangible i.e. These activities facilitate business transactions. Academia.edu uses cookies to personalize content, tailor ads and improve the user experience. You can download the paper by clicking the button above. Business studies equip you with the basic skills with which to begin an occupation if you do not have an opportunity for further training. INTRODUCTION_TO_BUSINESS_STUDIES_INTRODU.docx - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. Contact Information: Department of Spanish and Portuguese Studies 415 Conklin Hall Rutgers University Newark, NJ 07102 Email: stephanie@rutgers Virtual Class Hours: Tuesday 9AM-11AM - via Webex You will receive the link via email. This is the study of how human beings strive to satisfy their endless wants using the available, This refers to a systematic way of recording business activities which all used for decision, This refers to all activities that are carried out in an office e.g. to the class (in your groups) After you have pitched your ideas the class will. 2.5 Continuous Process. topic 1: forms of business units; chapter 1 : - introduction to business studies; chapter seven : home trade; topic 2 : government and business; office management and office administration knec pdf notes This book is intended for graduate and senior level undergraduate students pursuing business research. 5.Keyboarding: Keyboarding refers to the process of operating or manipulating the various keys of the typewriter or a computer keyboard. Business studies can be regarded as the study of the methods and techniques of setting up and running a business venture profitably. 2. viii. Receptionists who receive and attend to visitors and make telephone calls in an office. INTRODUCTION Motivation is an important attribute that resides in people's action, willingness and goals. It widens knowledge and exposes an individual to various occupations and careers through its integrated nature. The external environment has a major impact on the determination of marketing decisions. Comment * document.getElementById("comment").setAttribute( "id", "acb3bb5a708b242dc65440e059c01f3a" );document.getElementById("h1ad227257").setAttribute( "id", "comment" ); Save my name, email, and website in this browser for the next time I comment. people hawking goods like oranges, groundnuts, sachet water (pure water). 2.2 Browse more Topics under Nature And Significance Of Management. Generally, Introduction to Mathematics for Business Studies. He or she needs to record them in the books of account. ii. Good luck! vii. Business study is the studies of the component part of the business environment. It can also be defined as the study of activities that are carried out in and around. Further, suppose that the price. people hawking goods like oranges, groundnuts, sachet water (pure water). The trader cannot rely on his memory for all these transactions. Introduction. 30% comes from your test. They are services provided by persons for which they are paid. It is a transactional activity. Business studies enable students to develop a keen interest in various forms of business, which they can engage in (set up) after leaving school. JUNIOR SECONDARY SCHOOL (JSS 1) THEME: OVERVIEW OF BUSINESS STUDIES PREVIOUS LESSON - TOPIC - INTRODUCTION TO BUSINESS STUDIES LEARNING AREA. communication, filling, clerical, This is the study of activities involved in the process of identifying a business opportunity and, acquiring the necessary resources to start and run a business. Explore Introduction to Business Studies at AU's Faculty of Business. . )So his mother is explaining, how she manages home and what are the different type of activities are required on a regular basis?) 5. BBM 113: Introduction to Business Studies Notes 1st Year, 1st Semester Institution: Mount Kenya University Course: Bachelor of Business Management Posted By: Mabongajoel Document Type: PDF Price: KES 1000 Views: 12276 Downloads: 10 Summary Lesson one:Introduction to business concept lesson Two:Business Ownership Lesson Three: Business Environment It is a creative and competitive activity that continuously contributes to the shaping of our society.
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