Introduction to Business

fastninjaman
Mind Map by fastninjaman, updated more than 1 year ago
fastninjaman
Created by fastninjaman almost 5 years ago
19
0

Description

Hi

Resource summary

Introduction to Business
1 Business- Is a decision-making organisation involved in the process of using inputs to produce goods and/or to provide services
1.1 Marketing- It takes care of the product and services meet clients needs and wants
1.1.1 Four Ps
1.1.1.1 Price- Various pricing strategies to sell the products of the business
1.1.1.2 Promotion-To make sure that the customers know about the firm's product.
1.1.1.3 Place- Ensuring that goods and services are available in convenient place for consumers to buy.
1.1.1.4 Product - Goods and services meet the customers's requirements
1.2 Operations- It takes care of the day to day running at the business
1.3 Finance and accounts -It takes care of the money of the organisation
1.4 Human resources - It takes care of the people in the organisation
2 Primary sector- This sector involved with the extraction, harvesting, and conversion of natural resources
2.1 Secondary sector- This sector involved with the manufacturing or construction of products.
2.1.1 Tertiary sector- This sector involves providing services to the general population.
2.1.1.1 Product- Is referred to both Goods and services
2.1.1.1.1 Goods- Are physical products
2.1.1.1.1.1 Needs- Basic necessities that a person must have.
2.1.1.1.1.1.1 Examples: food, water, warmth, and shelter
2.1.1.1.1.2 Examples: cars, computers, books and food.
2.1.1.1.2 Services- Are intangible products
2.1.1.1.2.1 Examples: haircuts, bus rides, education, and health care.
2.1.1.2 Quaternary sector- A sub category of the tertiary sector, this sector involves with intellectual, knowledge based activities that generate and share information
2.1.1.2.1 Chain of production- It tracks the stages of an item's production.
2.1.1.2.1.1 Starts from Production
2.1.1.2.1.2 Consumers
2.1.1.2.1.3 Manufacturing
2.1.1.2.1.4 Services (tertiary and quaternary output)
2.1.1.2.2 Examples: information communication technology (ICT), research and development (R&D), consultancy services, and scientific research.
2.1.1.3 Examples: retailing, transportation and distribution, banking, and finance.
2.1.2 Example: Clothes manufacturing, publishing firms, breweries and bottlers
2.2 Example: agriculture, fishing, mining, forestry, and oil extraction
3 Entrepreneur- An individual who plans, organises and manages business, taking on finnancial risk in doing so
3.1 A person who operates a business, taking on greater than normal financial risks in order to do so.
4 Intrapreneur- An employee who thinks and acts as an entrepreneur within a section of the organisation.
4.1 A manager within a company who promotes innovative product development and marketing.
5 Intrapreneurship -The act of behaving like an entrepreneur while working i within a large organisation
5.1 Is the act of being a entrepreneur but as an employee within a large organization
Show full summary Hide full summary

Similar

Essay Writing: My Essay Plan
Andrea Leyden
GCSE ICT Revision
Andrea Leyden
CITAÇÕES DE GRANDES FILÓSOFOS
miminoma
GCSE Biology Quiz
Andrea Leyden
The Anatomy of the Heart
Shannan Muskopf
GCSE AQA Physics - Unit 3
James Jolliffe
1PR101 2.test - Část 7.
Nikola Truong
1PR101 2.test - Část 10.
Nikola Truong
mi mapa conceptual
Magda Hernandez
La estadistica, mapa conceptual
Aury Bustamante
PLANEACIÓN DIDÁCTICA
Juan Villegas