Professional Documents
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Reg.No : N1D216026
BUSSINES
Definition Bussines
Business In general, the definition of business, can not be separated from the
activities of production, purchase, sale, or exchange of goods and services involving
people or companies. In a narrower context, business sense is often associated with
businesses, companies or organizations that produce goods and services to generate
profits.
Another opinion says that the definition of business is an attempt to meet the
Business Objectives
The purpose of a business is to serve the needs of the customer by the owner
trying to make a profit. People create business probably because they see an
opportunity to create goods or services that other companies have not yet offered.
Characteristics
There are three key characteristics that must be met to have a business.
When viewed from the type of activities, business can be divided into 4 (four)
types, namely:
Extractive Business
Agrarian Business
Industrial Business
Business Services
When viewed from the value of usability, a business can create 4 (four) usability
values, namely:
Use value (form utility)
Place utility
Time value (time utility)
The value of ownership (possession utility)
Finally
businesses are organizations which are profit-seeking, meaning that they are not
the same as non-profit organizations. Whereas non-profit organizations seek
donations and funding to meet a mission, such as feeding the homeless in a city, a
business organization's goal will be centered on profit. For example, a business
organization might be seeking to become the first four-star hotel in a city.