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Business- Formative 1
Descripción
Made by María Emilia Terán 5 PAI C
Sin etiquetas
décimo
Mapa Mental por
Marí Teran
, actualizado hace más de 1 año
Más
Menos
Creado por
Marí Teran
hace alrededor de 6 años
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Resumen del Recurso
Business- Formative 1
Nota:
María Emilia Terán 5 PAI C
DEFINITION
Is a desition-making organization involved in process of using inputs to produce goods and provide services
ROLE OF BUSINESS
Combine human, physical and financial resources to create good and services to satisfy needs of people
BUSINESS SECTORS
Secondary sector
Nota:
Manufacturing or construction products
Tertiary sector
Nota:
Provide services to the general population
Quaternary sector
Nota:
Intelectual, knowledge-based activities that generate information
Primary sector
Nota:
-Extraction -Natural resources
REASONS FOR STARTING UP A NEW BUSINESS
Growth
Hobbies
Earnings
Security
Autonomy
Transference and inheritance
Challenge
STEPS IN THE PROCESS OF STARTING A BUSINESS
1. Write a business plan
2. Obtain start-up capital
3. Obtain business registration
4. Open a business bank account
5. Marketing
6. Starting a new business
TYPES OF PRODUCTS
Consumer goods
Products sold to the general public
Capital goods
Physical products bought by businesses to produce other goods
Services
Are intangible products provided by business
MAIN FUNCTIONS OF BUSINESS
Human resources
Operations
Finance and accounts
Marketing
Price
Product
Promotion
Place
FACTOR OF PRODUCTION
Land
Labour
Capital
Entrepreneurship
DIFFERENCES BETWEEN:
Entrepreneurs
-Owners and operator of organization
-Takes sustantial risks
-Visionary
-Rewarded with profit
-Responsability for worforce
Intrapreneurs
-Employees of organization
-Takes medium to high risks
-Innovative
-Rewarded with pay
-Accountability to the owner
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