introduction to business

Introduction to Business :-

Business is regular and lawful effort on the part of the owners and managers to make or buy and sell goods, services and ideas for a price. The people’s and person’s need goods and services for satisfaction of their wants’. The businessmen are busy in production, purchase and sale of such goods and services. The exchange of goods and services is made under the law of the land. The exchange provides benefit to both buyers and sellers. The sellers receive money and buyers get goods. The goods may be durable or consumable.

There are following types of introduction of business are as below:

business :-

Business is the gainful procedure through which individuals and groups exchange goods and services among themselves

Business is the economic activity of providing goods and services to others for a financial return

sole proprietorship :-

Sole proprietorship is form of Business that is owner and control by a single person

Sole proprietorship is a business enterprise that is owned and usually managed by one person

Businesspartnership :-

Partnership business is an association of from two to twenty person who carry on business together for the purpose of making profits

Joint stock company:-

Joint stock Company is voluntary association of individuals of profit, having a capital divided into transferable shares, the ownership of which is the condition of membership is call a company

Co operatives :-

Co operative origination as “an association of person’s and people’s usually of limited means who have voluntary joined together to achieve a common economic end through the formation of a democratically controlled business organization making equitable contributions to the capital required and accepting a fair share of risks and benefits of the undertaking

Business combination :-

Business combination is the joining of two or more companies to form a single organization for the conduct of business activities

Trade:-

Trade is commerce of the world and includes buying and selling of commodities between the inhabitants themselves

channel of distributions:-

Channels of distributions as the structure of intro-company organization units and extra company agents and dealers wholesalers and retailers through which a commodity product or services is marketed

business marketing :-

Business marketing is a total system of business activities designed to plan, price, promote and distribute want satisfying products and commodities, services and ideas to target markets in order to achieve organizational objectives

business risk :-

Business risk is the risk that a firm’s profits will decrease because the nature of activities e.g. because there is a decline in the demand for its products an increase in the cost of its material

business insurance:-

Insurance is a system under which the insurer for a consideration usually agreed upon in advance promises to reimburse the insured or to render services to the insured in the event that certain accidental occurrences result in losses during a given time period

stock exchange :-

Stock exchange means any person who maintains or provides a market places or facilities for bringing together buyers and sellers of securities or for otherwise performing with respect to securities the functions commonly performed by a stock exchange as that term is generally understood and includes such market place and facilities

E COMMERCE :-

E commerce is the exchange of information across electronic networks at any stage on the supply chain whether within an organization between businesses between business and consumers or between the public and private customers whether paid or unpaid.