Introduction to Organization

 Essay about Introduction to Business

INTRODUCTION TO ORGANIZATION

ASSIGNMENT

2/27/2013

SUBMITTED BY: THE INCREASING SUN

VERY FIRST SEMESTER, INITIAL YEAR

DEPARTMENT OF MANAGEMENT STUDIES UNIVERSITY OF BARISAL

SUBMITTED TO: EASNIN ARA

LECTURER OF MANAGING STUDIES

UNIVERSITY OF BARISAL

BUSINESS

Business come from the latin term " biznis”. Business means being busy at any operate. When a gentleman engaged in selling and buying products to be able to earn earnings.

Business identifies an economic activity in which people regularly take part in production and purchase of goods on the market or exchange of goods or supply of companies to satisfy the needs of other people with an ultimate motive to earn revenue. The regular creation or buy and deal goods under taken with an objective of getting profit and accquiring riches through the satisfication of individual wants pertains as business. ____Stephen Shons

Business is a combination of industry, trade and commerce and it's helpful work in which people exchange all their product in order to earn revenue in a legal way.

TWIGS OF BUSINESS

When a man buying or selling items with a view to earn revenue, then it is known as business.

Branches or opportunity of organization:

Business offers three limbs. They are sector, trade and commerce. Watts can show it by drawing a plan.

Branches of business

Branches of business

|

Industry| | Trade| | Commerce|

Genetic| Extractive| Manufacturing| Construction

Residence Trade| International/Foreign Trade

Selling Trade| Whole sale Control

Import Export Enterpot

INDUSTRY: Sector means, almost all factories or perhaps companies or process active in the manufacturing goods.

GENETIC INDUSTRY: The word ‘genetic' means parentage or hereditary. Genetic industries are concerned largely with producing-breeding or multiplying of particular species of plants or family pets with the object of earning earnings from their deal. Eg. Nurseries, forestry, cattle breeding and so forth EXTRACTIVE SECTOR: These industrial sectors are concerned with the extraction of materials from your earth, ocean and air flow. It includes elevating and collection of the natural products with the soil intended for the subsistence of people. Eg. Exploration, fishing, hunting etc . DEVELOPING INDUSTRY: They are concerned with the converting with the form of the raw materials and semi-manufactured items into done products. The manufacturing issues changes the shape of the articles or blog posts extracted from earth, sea and air flow and makes that more helpful to the consumer by adding new ammenities to it. Eg. Textiles, enginerring, steel etc . DEVELOPMENT INDUSTRY: Structure industry is likewise an important sector. Construction of bridge, building, road, canal, over bridge, fly-over etc .

CONTROL: Trade the truth is is a branch of commerce on its own. It is a last statement of a business activity involving deal purchase of products. HOME CONTROL: Home trade is also called internal trade. It is conducted within the political and geographical boundaries of the country. It is usually at neighborhood level, local level or perhaps national level. RETAIL TRANSACT: It entails buying in smaller lots from the wholesalers and advertising in really small quantities for the consumers for private use. The retailer is a last link in the cycle of distribution. He establishes a link between wholesalers and consumers.

LOW COST TRADE: This involves ordering in large quantities by producers or perhaps manufactures and selling in lots to retailer pertaining to resale to consumers. The wholesaler is actually a link between manufacturer and retailer. EXTERIOR TRADE: External trade also known as as overseas trade. This refers to buying and selling...

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