Introduction To Business at Nigerian Turkish Nile University | Flashcards & Summaries

Lernmaterialien für Introduction to business an der Nigerian Turkish Nile University

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Medium sized enterprises 
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Small scale businesses with 51 to 500 workers. The business is managed by the owner on a day to day basis 
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Types of business according to size 
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  • Microenterprises 
  • Small and medium-sized enterprises (SMEs) 
  • Large enterprises 
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Business 
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An activity that creates or provides something of value that other people want or need at a price they're willing to pay, in a way that satisfies the purchaser's needs and expectations and provides the business sufficient revenue to make it worthwhile for the owners to continue. 
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Microenterprise 
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A small scale business owned by one person and is usually home-based. The business usually has few employees (5-10 individuals) and they are established with small amounts of capital. 
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Small sized enterprises 
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As the name applies, it's a small scale business with 50 or less workers. The business is managed by the owner on a day to day basis. 
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Large enterprises 
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This type of business has a domestic or global market. 
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Non-profit organizations examples 
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  • Charity 
  • Public institutions 
  • Foundations 
  • Hospitals
etc 
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Types of business according to profit-motive 
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  • Profit organizations 
  • Non-profit organizations 
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Types of business according to sector
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  • Manufacturing business 
  • Service business 
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Manufacturing businesses 
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Businesses that produce tangible goods. In this business raw materials obtained from suppliers are transformed into finished products 
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Resources businesses use 
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  • Natural resources 
  • Human resources 
  • Capital 
  • Entrepreneurship
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Objectives of business 
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  • Profit
  • Survival 
  • Growth
  • Market share 
  • Productivity 
  • Innovation 
  • Employee welfare 
  • Customer service 
  • Social responsibility 
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  • 6 Lernmaterialien

Beispielhafte Karteikarten für deinen Introduction to business Kurs an der Nigerian Turkish Nile University - von Kommilitonen auf StudySmarter erstellt!

Q:
Medium sized enterprises 
A:
Small scale businesses with 51 to 500 workers. The business is managed by the owner on a day to day basis 
Q:
Types of business according to size 
A:
  • Microenterprises 
  • Small and medium-sized enterprises (SMEs) 
  • Large enterprises 
Q:
Business 
A:
An activity that creates or provides something of value that other people want or need at a price they're willing to pay, in a way that satisfies the purchaser's needs and expectations and provides the business sufficient revenue to make it worthwhile for the owners to continue. 
Q:
Microenterprise 
A:
A small scale business owned by one person and is usually home-based. The business usually has few employees (5-10 individuals) and they are established with small amounts of capital. 
Q:
Small sized enterprises 
A:
As the name applies, it's a small scale business with 50 or less workers. The business is managed by the owner on a day to day basis. 
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Q:
Large enterprises 
A:
This type of business has a domestic or global market. 
Q:
Non-profit organizations examples 
A:
  • Charity 
  • Public institutions 
  • Foundations 
  • Hospitals
etc 
Q:
Types of business according to profit-motive 
A:
  • Profit organizations 
  • Non-profit organizations 
Q:
Types of business according to sector
A:
  • Manufacturing business 
  • Service business 
Q:
Manufacturing businesses 
A:
Businesses that produce tangible goods. In this business raw materials obtained from suppliers are transformed into finished products 
Q:
Resources businesses use 
A:
  • Natural resources 
  • Human resources 
  • Capital 
  • Entrepreneurship
Q:
Objectives of business 
A:
  • Profit
  • Survival 
  • Growth
  • Market share 
  • Productivity 
  • Innovation 
  • Employee welfare 
  • Customer service 
  • Social responsibility 
Introduction to business

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