Business Studies Essay Research Paper Business Studies

Business Studies Essay, Research Paper

Business Studies [ Your show is set for the “ US-ASCII ” character set. ] [ Some characters may be displayed incorrectly. ] ^+What is Business Studies? ^+ ^+Business surveies is the survey of how concerns are set up, financed, organised and controlled, how people are employed, managed and paid, howgoods are developed, produced and sold, how goods and services arepriced and how the local, national and international authorities aid orhinder businesses.^+1 In analyzing the puting up of a concern there are many facets thatneed to be considered. Such as the type of concern ownership^+s whichare suited for the enterpriser, where the capital will be comingfrom, what goods or services could be considered to sell and where thebusiness should be located. The extended sum of research, which iscarried out before the concern operates, is besides studied. There are many beginnings of finance unfastened to the enterpriser, which alsoneed to be studied in deepness. The concern proprietor has to put the rightprice for its goods or services ^+ a monetary value which is of convenience to theconsumer and which is low-cost for the proprietor. This is possible byusing break-even analysis, and once more market research. Owners ofbusinesses need to constantly see the fiscal state of affairs of thefirm this may include building assorted balance sheets and amonthly/annually net income and loss history ^+ building of these areimportant in concern. Charts and graphs are besides constructed so thatthe province of the concern can be analysed in deepness. Labour in a concern involves many facets. The enlisting of newemployees ^+ from the advertisement of the station right through to theselection of the most appropriate campaigner. It besides includes

training/education involv

ed in business and even how to motivate anemployee and the different payment methods they can receive. The mainsections in an organisation chart actually breaks up the sections inbusiness ^+ marketing, finance, production and labour. Trade unions arealso a part of labour in business ^+ employees can sometimes causepotential harm to the business as well as being a valuable asset, thestages of what a trade union can do are also studied. Market research is also very important to any firm the marketing mixbreaks it down into individual sections which are important in businessstudies ^+ product, place, price and promotion. There are many differenttypes of research and different types of sampling methods, which theresearcher has to consider before preceding. The source of the good or service is a part of business studies, whatraw materials are needed, how was it made and why was the product made ^+is there a market for it. The life of a product before production isstudied as well as the life of a product when it is in the market andalso when it leaves. External influences such as the government can help or destroybusinesses. Many different types of external influences and othermatters that cause harm to businesses are looked at. It is also important to be aware of the various automation methods usedin business to improve efficiency. Many firms use information technologyin various ways such as ^+ EPOS systems and banking, business studiesinvolves briefly the studying of this. Overall, business studies is not just about simply looking at how to runa business it is about finding out how businesses and otherorganisations actually operate and how the factors that influence modernbusinesses are dealt with. All the above points and possibly more arestudied in great depth in a business studies course.