Human Activties at University Of Medical Sciences & Technology (UMST) | Flashcards & Summaries

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Mention the evolution of business 
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1. Industrial revolution era
2. Laissez faire era
3. Production era
4.marketing era
5. Global era
6. The information era
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Define business 
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Business is any activities concerned with the production or exchange of goods and services with the view of earning profits.

These profits can be achieved by production and/or exchange of goods and services 
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what is employment?
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Any activity assigned to a person by an employer under an agreement or rules of service 
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What us profession?
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An activity which involves  the rendering of a personalized services of a specialized nature based on professional knowledge, education and training.  
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What is tertiary industry 
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It works as a link between the first and second industry without these industries actual results will not happen 
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Mention the features/characteristics of business 
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1.dealing in goods and services 
2. Production, exchange, transfer and sale of goods and services value.
3. Continuity and regularity in dealings 
4.profit motive
5. Chance of risk
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Mention the three types of industries 
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  • Primary industry 
  • Secondary industry (manufacturing industry)
  • Tertiary industry 
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What are the scopes of business 
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Economic scope: it is getting profits,growth and expansion of the business 

Social scope: supplying quality goods , giving more employment opportunities 

Human scope: job satisfaction and better working conditions
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What is primary industry 
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It is activties concerned with the use of natural resources 
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What is secondary industry 
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It is also called manufacturing industry they are concerned with the transformation of raw materials into finished goods 
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Whats the difference between goods and services?
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Goods:  are materialistic things that can be seen and touched 

Services: are non-materialistic things that can not be seen or touched but can be felt 
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Define economic activities  
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These are activities conducted by human beings for earning money ,

These activities are concerned with the production, exchange and distribution of goodd and services 
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Q:
Mention the evolution of business 
A:
1. Industrial revolution era
2. Laissez faire era
3. Production era
4.marketing era
5. Global era
6. The information era
Q:
Define business 
A:
Business is any activities concerned with the production or exchange of goods and services with the view of earning profits.

These profits can be achieved by production and/or exchange of goods and services 
Q:
what is employment?
A:
Any activity assigned to a person by an employer under an agreement or rules of service 
Q:
What us profession?
A:
An activity which involves  the rendering of a personalized services of a specialized nature based on professional knowledge, education and training.  
Q:
What is tertiary industry 
A:
It works as a link between the first and second industry without these industries actual results will not happen 
Mehr Karteikarten anzeigen
Q:
Mention the features/characteristics of business 
A:
1.dealing in goods and services 
2. Production, exchange, transfer and sale of goods and services value.
3. Continuity and regularity in dealings 
4.profit motive
5. Chance of risk
Q:
Mention the three types of industries 
A:
  • Primary industry 
  • Secondary industry (manufacturing industry)
  • Tertiary industry 
Q:
What are the scopes of business 
A:
Economic scope: it is getting profits,growth and expansion of the business 

Social scope: supplying quality goods , giving more employment opportunities 

Human scope: job satisfaction and better working conditions
Q:
What is primary industry 
A:
It is activties concerned with the use of natural resources 
Q:
What is secondary industry 
A:
It is also called manufacturing industry they are concerned with the transformation of raw materials into finished goods 
Q:
Whats the difference between goods and services?
A:
Goods:  are materialistic things that can be seen and touched 

Services: are non-materialistic things that can not be seen or touched but can be felt 
Q:
Define economic activities  
A:
These are activities conducted by human beings for earning money ,

These activities are concerned with the production, exchange and distribution of goodd and services 
human activties

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