Business Studies

www.studyguide.pk commercialised enterprise Studies Notes by Abdullah www.studyguide.pk StudyGuide.PK Business Studies O-Level Notes Page 1 www.studyguide.pk Business aims and Activities hush-hush sector aims The aim of a occupation in the tete-a-tete sector is to survive by reservation a profit. This whitethorn be a sole monger working alone, manage a newsagent, or thousands of shareholders in a large ordinary Limited Company. Businesses gain a big market-share [a percentage of boilers suit sales in an pains] by change magnitude the sales of their fruits against competitors. This may involve reducing prices. To win the committedness of customers and encourage plagiarize sales [Customers returning to buy the product from the same business], businesses shoot to be re apt and entrust a quality swear out to their customers. Private sector activities The activities of industry can be divided into stages - primary, secondary and tertiary doing. Thes e stages score the chain of production and provide consumers with the finished goods. Primary production This involves acquiring raw materials. For example, metals and scorch have to be mine; oil drilled from the desktop; rubber tapped from trees; foodstuffs farmed, and fish trawled. This is sometimes kn bear as extractive production. petty(a) production Is the manufacturing and assembly process.

This involves converting raw materials into components, eg making plastics from oil, and assembling the product, eg make houses, bridges and roads. Tertiary production This refers to the commercial services that restrain the production and distribution process, eg insurance, transport, advert ising, warehousing and retail, direction an! d health care. StudyGuide.PK Business Studies O-Level Notes Page 2 www.studyguide.pk Limited companies in all limited companies are merged [ firm with separate effectual existence], which means they can carry out or own assets in their own right. Their owners are not personally liable for the firms debts their losses are limited to...If you desire to get a full essay, order it on our website: OrderEssay.net

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