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Introduction To Business Tutorial 1 - Nature of Business

This document discusses the basic concepts of business including defining business and organizations, the common characteristics of profit and non-profit businesses, and the four basic functions of human resources, marketing, production, and accounting or finance. It also explains the four aims of business to maximize profit, maximize sales, increase employee welfare, and contribute to socialization and community with one application each. Finally, it discusses three types of objectives for businesses as strategic, tactical and management by objectives and the three processes of forming an organization as authority, responsibility and accountability.

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68 views1 page

Introduction To Business Tutorial 1 - Nature of Business

This document discusses the basic concepts of business including defining business and organizations, the common characteristics of profit and non-profit businesses, and the four basic functions of human resources, marketing, production, and accounting or finance. It also explains the four aims of business to maximize profit, maximize sales, increase employee welfare, and contribute to socialization and community with one application each. Finally, it discusses three types of objectives for businesses as strategic, tactical and management by objectives and the three processes of forming an organization as authority, responsibility and accountability.

Uploaded by

GammaKristian
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Introduction to Business Tutorial 1 Nature of Business

1. Define business & organization 2. Common characteristic of business Profit based Non profit based Small and simple Large and complex

3. Describe 4 basic functions of businesses Human resource Marketing Production Accounting or finance 4. Explain briefly 4 aims of business with 1 application each Maximise profit Maximise sales Increase employee welfare Socialization and community 5. 3 types of objectives. Discuss Strategic Tactical Management by objectives 6. Explain 3 process of forming an organization Authority Responsibility Accountability

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