Lecture 01 Business:Definition:
Any activity to earn profit.
The word “business” is derived from the term “busyness.”
A phenomenon in which a person searches for an opportunity and try to avail it.
Components of business
Conversion of raw material into finished goods.
This is a form utility.
Types of Industry
Extractive Industry _ Extraction of underground resources.
Genetics _ People doing business by changing genes.
Types of industries
Construction _ Construction of buildings, roads, bridges etc.
Manufacturing _ Conversion of raw material into final goods.
Services _ Banking, consultancy, accountant, Lawyer, Interior decorator, designer, music composer etc.
All those activities which start from the warehouse of the manufacturer to the buyer.
Types of commerce
Trade means buying and selling
Aid to trade
Institutions that are meant and build to assist and support the trading process.
Он показался ему смутно знакомым. - Soy Hulohot, - произнес убийца. - Моя фамилия Халохот.