Dimensions of business environment mean all the factors, forces and institutions which have direct or indirect influence over business transactions. General Environment is the most important dimension of the business environment as a businessman cannot influence or change the components of the general environment rather he has to change his plans and policies according to […]
Different Environments of Business Read More »
The best of the best are committed to doing the “work” of business. They don’t avoid the stuff they don’t like or the tough stuff that defines a leader’s determination to win. Just like profitability, success is an outcome. Leaders and companies that master the disciplines of success stand out from their competition. The followings
Quality or Components or Characteristics of a Successful Business Read More »
It is generally believed that a business has a single objective. That is, to make a profit. But it cannot be the only objective of the business. While pursuing the objective of earning a profit, business units do keep the interest of their owners in view. However, any business unit cannot ignore the interests of
Objectives of Business Or Importance of Business Read More »
The features of business or nature of business or characteristics of business may be classified as: Economic Activity Business necessarily has to be an economic activity. But what exactly is an economic activity? Any activity that gives a monetary return is an economic activity. For example, if your friend’s father picks you up and drops
Features of Business Or Nature of Business Or Characteristics of Business Read More »
The forms of business may be classified as: Sole proprietorship: A sole proprietorship, also known as a sole trader, is owned by one person and operates for their benefit. The owner operates the business alone and may hire employees. A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating
What is Business? Business is the outcome of the combined efforts of one or more than one individuals to fulfil a social need i.e. producing and selling goods/services in order to earn profit. Forms of Business Features of Business Or Nature of Business Or Characteristics of Business Objectives of Business Or Importance of Business It
