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INTRODUCTION TO BUSINESS MANAGEMENT — Commerce Keypoint

INTRODUCTION TO BUSINESS MANAGEMENT

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A business could be defined as any activity or occupation aimed at making profits and also risks losing.

BUSINESS RESOURCES is classified into

1 Money: Capital/fund required for the take off of a business venture, and for Its daily operations.

2 Human resources: The manpower required for the planning, running and management of a business. It could be skilled, semi-skilled or unskilled personnel,

3 Material resources: The raw materials, tools, equipment and stock are required for the business operations.

AIMS AND OBJECTIVES OF BUSINESS

  1. Profit making.
  2. Creates employment opportunities.
  3. Production of goods and services r consumption by the public.
  4. To promote good relations of workers and labour unions.

 

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