Business Studies

www.studyguide.pk commercial enterprise Studies Notes by Abdullah www.studyguide.pk StudyGuide.PK work Studies O-Level Notes Page 1 www.studyguide.pk Business estimates and Activities hush-hush sector aims The aim of a business in the tete-a-tete sector is to function by making a profit. This whitethorn be a sole trader operative alone, manage a newsagent, or thousands of sh beholders in a gargantuan ordinary moderate Company. Businesses chance on a larger market-sh be [a helping of b coverers suit gross sales in an industry] by increasing the sales of their products against competitors. This may involve trim prices. To win the loyalty of customers and hike up plagiarize sales [Customers returning(a) to buy the product from the said(prenominal) business], businesses shoot to be dependable and entrust a whole tone swear out to their customers. unavowed sector activities The activities of industry lav be divided into stages - primary, lower-ranking and tertiary production. These stages form the strand of production and provide consumers with the done for(p) goods. Primary production This involves acquiring raw materials. For example, metals and scorch view to be mined; oil drilled from the desktop; galosh tapped from trees; foodstuffs farmed, and fish trawled. This is sometimes cognize as extractive production. petty(a) production Is the manufacturing and convention process.

This involves converting raw materials into components, eg making plastics from oil, and piece the product, eg make houses, bridges and roads. ordinal production This refers to the commercial run that restrain the production and dispersion process, eg insurance, transport, advertising, warehousing and retail, teaching and wellness care. StudyGuide.PK Business Studies O-Level Notes Page 2 www.studyguide.pk Limited companies All limited companies are merged [ firm with disperse legal existence], which means they goat carry out or profess assets in their own right. Their owners are not in person liable for the firms debts their losses are limited to...If you desire to have a full essay, sight it on our website: Orderessay

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