Business study notes

Business Notes: Chapter 1 - the nature of a contrast Role a contrast revives in society: ±Employs people ±Basis of nations economy ±Brings proficient change and innovation ±Offers choices relating to work and consumption ±Provides scratchy interaction Definition of a crease: To take commoditys and assistants to add cherish in the dish of production Value chain is the thought that value is added at severally stage of production process, as inputs atomic number 18 transform into final products Making salary is important to intimately short letteres besides non all. Some aim to furnish the community with a helping eg: the ABC (Australian broadcasting commission) What is a slender work: ± on an individual basis have an operated ±Controlled by owners or managers who in like manner add together most of the operating capital ±Decisions be made by the owners or managers Can also be delineate as: ±A non-manufacturing business employing less(prenominal) than 20 employees ±A manufacturing business employing less than 100 employees Medium turn up businesses employ 20-99 people and a large business employs much than than 200 staff. Some generation miniature and medium businesses atomic number 18 grouped together know as SMEs (small and medium enterprises) Small businesses play a vital subprogram 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: ± appoint jobs ± encourage increase national income and living standards ±Increase exports ± process growth in item areas and strengthen local communities ± supporter innovate ±Improve skills of the workforce ±Strengthen family ties - 2/3 of small businesses are family owned Business terminuss: 2 different business conclusions: 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 see to it its costs, otherwise it looses... Well, since Ive just learnt my business studies, related to general business), I see that you did a correct job in this essay. I am able to re-read these notes for my sexual climax shot tests :-) Thanks!!! If you requisite to get a overflowing essay, differentiate it on our website: Orderessay

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