Tag Archives | Business

Business: Meaning, Definitions, Characteristics, Objectives, Scope and Growth Strategies

A business (or firm) is an enterprise that provides products or services desired by customers. Along with the large, well-known businesses such as - The Coca-Cola Company and IBM, there are many thousands small businesses that provide employment opportunities and produce products or services that satisfy customers. Business refers to the economic activities concerned with the production and exchange of [...]

By |2020-08-11T17:56:30+05:30August 11, 2020|Business|Comments Off on Business: Meaning, Definitions, Characteristics, Objectives, Scope and Growth Strategies
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Entrepreneur

A most appropriate definition of entrepreneur is that, "he is a man who detects and evalu­ates a new situation in his environment and directs the making of such adjustments in the economic systems as he deems necessary". In actual practice the term "entrepreneur" is attributed to all small industrialists, small businessmen, and traders. All people who are gainfully engaged in [...]

By |2022-11-26T13:27:16+05:30May 6, 2020|Entrepreneurs|Comments Off on Entrepreneur
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Classification of Business Activities

Business refers to the production and distribution of goods and services. There is a wide spectrum of business activities ranging from procurement of raw materials, its conversion into finished or value added products to the distribution of goods to the ultimate consumers. Various business activities can be classified under two broad categories – 1. Industry 2. Commerce. Commercial activities may [...]

By |2019-12-10T10:18:09+05:30December 10, 2019|Business|Comments Off on Classification of Business Activities
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