What is management | Business management | Diploma and engineering common to all branches (Important questions)

What is Business management?

What is managment? What is business? How to improve your business it is mention is this blog.



Management subject which provide you knowledge about the different finance department. Also provides the business development fundamental things.

First of all we have to understand what is business

Business is the fountainhead's of modern life and is a major influence in our everyday life. So it is necessary for all of us known about the business.

Business produce firm and supply wide varieties of goods and services required by the society.business firm occupy an important place in the modern economy and provide force for the devlopment. It has created enormous employment opportunities for the society.Also business firms provide tax revenue to the government that is meant to serve the project and program for social welfare.

So it is necessary on our part to the concept nature and scope of business. Business is an economic activist the regular production or distribution of goods and services with the object of earning profit through the satisfaction of human wants.

Types of business:-

The different kind of enterprises through which business activities takes place are divide into three groups as follows:-
1.Service
2.manufacturing
3.trade

1.service

Service is different than manufacturing and trading of goods. Services enterprise provide the service that called intangible goods. Service industry is the major type of business running in india mad america . Some companies provide service after sell of their product to the consumers.
Service can be provided to the government or any other business. The best example are entertainment, consultancy, telecommunication service,banking,hosplitality,call center ,BPO,KPO and LPO.

2.Manufacturing


Manufacturing bis another type of business which is very important as may other business Depend on it . In manufacturing the items the help of different engineering process and technologies.The product could be cellphone ,computer,stationary, bevat machines require , luggage, automobiles. Etc.

3.Trade

Thes enterprise are concerned with the distribution of the product I.e sale ,transfer,or exchange of goods to business house as well as final consumer.
Tranding enterprise may be found operating in the form of
1. Wholesale
2. Retail establishment
3. Import and export house
4. Investment trust
What is management | Business management | Diploma and engineering common to all branches (Important questions) What is management | Business management | Diploma and engineering common to all branches (Important questions) Reviewed by Devid on September 04, 2018 Rating: 5

No comments:

Powered by Blogger.