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Business, Management & Marketing Term Papers
My report includes the description about business, types of businesses and face of business. Businesses we can say that the interaction between the individuals or the transactions of getting profits by sales and purchase anything have value in the market. Here we are discussing the value of doing the transactions which has some materials there prices are fixed in the market by market forces. Business has its different forms they are formed for earning the profits usually there are two types of business, one business which is on individual basis and the second business which is on collective basis.
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Business on individual basis:
The business which is on individual basis we called it is the sole proprietorship the profits earned by the individuals on individual basis.
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Problems:
There are some of the problems associated with such type of business With the profits getting by the individual on individual basis the losses should be incurred by him individually for example if in any case it has incurred loss in business the whole business would be failed if he don’t have much more finance to cover the gap. He should have to face the market competition on individual basis such as he has to produce the products in the market have large number of competitors they should compete its products or if in any case the loss occurs it will be the loss of the proprietor individually, business in any form may be but the single objective of every one is to avoid losses and to take profits.
Business on collective basis:
Business on collective basis is much easier than the business on individual basis if you are doing a business and the loss incurred your loss is not the individual loss it is the loss of all the individuals doing business with you have shares in the business so every one should pay for it. That’s why the loss is not your loss it is the loss for all or in case of profits it is also distributed among them, the competition problem in the market also go easy with if you have so many peoples to manage and taking advices from them so your mind is not single your mind is also attached with the others mind ideas so the chances of losses will be weaker in case of such type of businesses.
Problem:
The profit is not your own profit it is divided among all the share holders of the organization. You are double minded which decision you are going to take or which you are not and some disorders such as the wrong ways used by the shareholders for getting the whole profits.
Faces of business:
Business has any form at any place it all depend on you how to manage your business that is the business is in the form of Wholesale and retail trade Utilities, Financial Transportation and so on so there are many divisions of businesses according to their goals and objectives
Management
Which is management is the ‘concepts techniques and
processes that enables goals to be achieved efficiently and
effectively’. every organization from biggest to smallest
one requires the efficient management .if we go through the
historical analysis peoples have less sense of business that’s
why they don’t have managed offices or organizations
we can say that management is as old as mankind it is the
historical procedure but then people did not know how to manage
but they have the idea of managing with their environments
and now the peoples have huge knowledge about. At the organizational
level we can define the management in the way that it is the
activity process and is composed of some basic functions for
getting the objectives of any organization these objectives
would be fulfill with the efforts of the organizers. Usually
the management includes five phases as we all know about them
planning, organizing, staffing, and directing controlling.
The management functions are the basic tools of management.
Such as no any organization can run with out them every single
step in an organization needs a management on
single basis. For example you are the manager in any
organization and your function is to manage the sales that
is you are the sales manager your basic criteria is limited
to departs working that is every work k related with sale
.how do you manage it? You are going to set your objective
with the management goals and then go further for their achievement.
Your first function is associated with planning .remind this
thing that the planning process always associated with the
future or the years to come you are going to manage sales
for future in this criteria. Your second function starts when
you have planned your ideas in a clear and strategic form.
Your second function is organizing, what should you do? Organize
your planned ideas in a way that each group has different
way of working for the planned sales; your third function
associated with staffing match the right persons with the
right place. And now the directing assigned he individuals
their duties and responsibilities. Last function of management
is to take control over all the activities under yours depart.


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