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Business Studies Prelim Notes

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This notes include: - Nature of Business - Some of topic 3 I'm ranked in the top 10 in the grade.

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10 Pages Partial Study Notes > 2 Years old
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Business Studies Prelim Notes
Topics this document covers:
Economy Business Entrepreneurship Business models Small business Small and medium-sized enterprises SME finance Environmental regulation of small and medium enterprises
This is a Partial Set of Study Notes

Partial Study Notes typically cover only single topics of a unit of study or do not cover multiple topics in significant detail. They are generally less than 20 pages in length.

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Topics this document covers:
Economy Business Entrepreneurship Business models Small business Small and medium-sized enterprises SME finance Environmental regulation of small and medium enterprises
Sample Text:
o Producing goods and services Activities undertaken by business are production, organising natural, capital and human resources, marketing products, controlling production (quantity and quality), forecasting sales, expenses and profit and distributing goods. o Profit, employment, income, choice, innovation, entrepreneurship and risk, wealth and quality of life Profit: To make more profit, you have to either increase the revenue price or reduce the operating expenses. Profit = revenue – operating expenses. Types of businesses • Classification of business o Size – small to medium enterprises (SMEs), large ...
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