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Introduction to Business

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Introduction to Business
INTRODUCTION TO BUSINESS
ASSIGNMENT

2/27/2013
SUBMITTED BY: THE RISING SUN
1ST SEMESTER, 1ST YEAR DEPARTMENT OF MANAGEMENT STUDIES UNIVERSITY OF BARISAL

SUBMITTED TO: EASNIN ARA LECTURER OF MANAGEMENT STUDIES UNIVERSITY OF BARISAL

BUSINESS
Business come from the latin word “biznis”. Business means being busy at any work. When a man engaged in buying and selling products in order to earn profit.

Business refers to an economic activity in which people regularly engage in production and purchase of goods for sale or exchange of goods or supply of services to satisfy the needs of other people with an ultimate motive to earn profit.
The regular production or purchase and sale goods under taken with an objective of earning profit and accquiring wealth through the satisfication of human wants refers as business. ____Stephen Shons

Business is a combination of industry, trade and commerce and it’s helpful work in which people exchange their product in order to earn profit in a legal way.

BRANCHES OF BUSINESS
When a man buying or selling products with a view to earn profit, then it is called business.

Branches or scope of business:
Business has three branches. They are industry , trade and commerce. W can show it by drawing a diagram.

Branches of business Branches of business | | |

Industry | | Trade | | Commerce | |

Genetic | Extractive | Manufacturing | Construction |

Home Trade | International/Foreign Trade |

Retail Trade | Whole sale Trade |

Import Export Enterpot

INDUSTRY: Industry means, all factories or companies or process involved in the manufacturing products.

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