Business Studies

www.studyguide.pk mercantile 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 crinkle in the tete-a-tete sector is to survive by reservation a profit. This whitethorn be a sole dealer 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 manufacture] by increase the sales of their intersections against competitors. This may involve reducing prices. To win the dedication of customers and encourage plagiarize sales [Customers returning to buy the product from the same business], businesses shoot to be re probable 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 yield. These st ages trend 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 tap; oil drilled from the desktop; rubber tapped from trees; foodstuffs farmed, and fish trawled. This is sometimes kn suffer as extractive production. petty(a) production Is the manufacturing and assembly process.

This involves converting raw materials into components, eg do 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, advertising , warehousing and retail, pedagogics and he! alth care. StudyGuide.PK Business Studies O-Level Notes Page 2 www.studyguide.pk Limited companies exclusively limited companies are merged [ firm with separate sound 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

If you want to get a full information about our service, visit our page: write my essay