Business Notes

BUSINESS STUDIES ASSIGNMENT. ROLE OF BUSINESS The temperament of a line of descent A record of a craft can be defined as the organised effort of single(a)s to produce and sell, for a increase, the products that satisfy individuals needs and postulates. Producing goods and services that include a product that is a good service that can be brought or interchange. Goods argon items that can be seen or touched. Services are things done for you or by others. For example when we go shop we are choosing from a range of finished products. Products that are raise for customers to buy and use. Profit the main activity of a business is to sell a product to its customers. Revenue is the silver business receives as payment for its products. Operating expenses are all the cost of running the business except the cost of goods sold. Profit is what stay after all business expenses harbour been deducted from sales revenue. involution business have another important role to play. The human activity of employees hired by a business at any(prenominal) time will largely depend on the nature of the products and the number of customers who wish to purchase the product. Generally the more that is sold the employees the business will hire. umpteen small business owners capture to continue their business as to provide employment for family members.

Income is coin received by a person his or her labour, or a business from a egress on its investments. Many businesses require conducting their operations these employees provide their labour and in return receive either a wage or salary. A wage is usually received on a periodic basis. A salary is a fixed amount of money paid on a regular basis. If the business is a private or public company you will have many owners referred as shareholders are people who are spell owners of a company. Usually some of the companys profit is divided amongst shareholders this type of income is called dividend. Choice is the act of selecting amongst alternatives for instants you decide to... If you want to get a full essay, order it on our website: Orderessay

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