THE HISTORY AND THE PRESENT OF BUSINESS

Slides:

Advertisements

Similar presentations

Advertisements

Chapter 1 Understanding Marketing

Modules 7 – 8 Adam Smith and Economics

How the Stock Market Affects Our Everyday Life Can I Own Stock??? Anyone can own stock Approximately 50% of the US Population own stock. –This stock.

“This workforce solution was funded by a grant awarded under Workforce Innovation in Regional Economic Development (WIRED) as implemented by the U.S. Department.

The Strategy of International Business

Marketing Today Marketing Chapter 1

Strategic Planning and the Marketing Management Process

Outcome: 7 Factors of America’s Industrial Growth

Chapter 5 Business-to-Business Strategies: From Electronic Data Interchange to Electronic Commerce

Chapter One What is Business? © 2007 The McGraw-Hill Companies, Inc., All Rights Reserved. McGraw-Hill/Irwin Introduction to Business.

The Strategy of International Business

FINANCIAL MARKETS AND FINANCIAL DERIVATIVES. AN INTRODUCTION TO OPTIONS AND MARKETS Finance is one of the fastest developing areas in modern banking and.

( Chapter 2 ) ( 3rd semester )

CHAPTER IV Organization of business relations in trade.

The International Financial System

The U.S. Business Environment

1-1 Strategic Planning and the Marketing Management Process Chapter 1 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights.

Unit 2 THE HISTORY AND THE PRESENT OF BUSINESS READING COMPREHENSION CHECK.

Chapter 1 marketing dynamics.

The Strategy of International Business

Chapter 9 The Foreign Exchange Market McGraw-Hill/Irwin Global Business Today, 4/e © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved.

  1. Can you drive on the left side of the road with your car?  2. Can you use your clothes to tie up a student and lock him or her in a locker? 

Marketing. Marketing Activities Buying – Obtaining a product to be resold; involves finding suppliers that can provide the right products in the right.

Accounting for Intangible Assets

Middle East Economics Pop Quizzes.

© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Introduction to Marketing I I.

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 2

Accounting for Executives Week 6 15/4/2010 (Fri) Lecture 6.

GROSS PROFIT FORMULA INSTALLMENT METHOD

Customer Value, Satisfaction, Customer Relationships and Customer Experiences. Chapter 1.

PowerPoint Presentation by Charlie Cook Copyright © 2005 Prentice Hall, Inc. All rights reserved. Chapter 10 Understanding Marketing Processes and Consumer.

PRICING – DETERMINING THE PRICE Wednesday, December 8.

Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Copyright © 2015 Pearson Education, Inc. 1-1 # The U.S. Business Environment 1.

Manufacturing Systems What is Manufacturing?  Manufacturing is the making of parts and putting the parts together to make a product.  Imagine your.

MARKETING MARKETING © South-Western Thomson CHAPTER 1 Marketing Today What Is Marketing? 1.2 Businesses Need Marketing 1.3 Understanding the Marketing.

Chapter 5 Business and Social Responsibility1 Section 5.1 Defining Business Marketing Essentials.

Economic Activities. Primary ActivitiesSecondary Activities Tertiary ActivitiesQuaternary Activities.

Economic Systems: Goals Methods developed by different societies as per their individual goals and needs.

International Trade. All nations and peoples of the world are involved, to some extent, in trade.

The History of Business Introduction to Business.

Economics The student will understand that the production, distribution, and consumption of goods/services produced by the society are affected by the.

International Business 9e By Charles W.L. Hill McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.

IMS 554 Info. Marketing for Information System Department Information Marketing Principles of Marketing.

Counter trade. Counter trade means exchanging goods or services which are paid for, in whole or part, with other goods or services, rather than with money.

Economic Quiz Wednesday Study: Economic Systems Flip Book

Chapter 13 The Management of Information and Knowledge for Better Decisions.

DIFFERENT SECTORS OF THE ECONOMY UNIT 07. READING – THE THREE SECTORS OF THE ECONOMY, RB p 20 What is the purpose of different sectors of the economy?

MUHAMMAD DIN KHALIL Introduction to Business. INTRODUCTION TO BUSINESS Chapter #01.

IMS 554 INFORMATION MARKETING for INFORMATION SYSTEMS DEPARTMENT CHAPTER 1 INTRODUCTION to BUSINESS Pn Hasnah Hashim Lecturer Faculty of Information Management.

Retail Value Creations- 1 By Dr. U. Srinivasa Raghavan.

In a free enterprise economy, competition is key. ©2012, TESCCC Free Enterprise World Geography, Unit 04 Lesson 03.

The Definition of Price. The Price is Right Product 1.Hummer H2 2.Dodge Durango 3.GMC Envoy 4.Ford Explorer Price A. $27, B. $26, C. $48,

STANDARD 1 – WORLD OF MARKETING WHAT YOU’LL LEARN Understand that marketing is all around us 2. Understand the concept of private enterprise 3. Understand.

Law of Demand ~ the amount of a product people will buy at different prices $20 $18 $16 $14 $12 $10 $8 $6 Demand Curve (D)

4 - 1 ©2002 Prentice Hall Business Publishing, Introduction to Management Accounting 12/e, Horngren/Sundem/Stratton Chapter 4 Cost Management Systems.

1. Understand that marketing is all around us 2. Understand the concept of private enterprise 3. Understand the marketing mix or 4P’s of marketing 4. Students.

INTRODUCTION TO MARKETING SHAH KEVAL En. No.:

Demand Management Order Management Customer Service MRKT 415 – Chapter 4.II Evrim Toren.

Business concepts For English parctice.

Answer the following questions about the meaning of business. Questions with asterisks(*) cannot be answered directly from the text. 1. What is one modern.

© South-Western Publishing MARKETING TODAY What Is Marketing? 1.2 Businesses Need Marketing 1.3 Understanding the Marketing Concept 1.4 Marketing’s.

INTRODUCTION TO MARKETING/ BASIC CONCEPTS MARKETING: CREATING AND CAPTURING STAKEHOLDER VALUE Course Name: Principles of Marketing Code: MRK 152 Chapter:

THE ROLE OF ADVERTISING IN MARKETING Topic 1 Introduction to Advertising.

Trade and Aid unit. What do we mean by Trade and Aid? Trade: Buying and Selling Commodities Aid: The act of helping someone. In this case it takes place.

By Dr.Poramatdha Chutimant Instruction begin: 15 th August, 2014 Class 6: Business and Company structure.

International Strategic Management

International Business 9e

4.3 (Part 2) Economy.

Presentation transcript:

THE HISTORY AND THE PRESENT OF BUSINESS Unit 2 THE HISTORY AND THE PRESENT OF BUSINESS

Business is a word, which is commonly used, in many different languages.

But exactly what does it mean?

Traditionally, business simply meant exchange or trade for things people wanted or needed.

The concepts and activities of business have increased in modern times. Today it has a more technical definition.

One definition of business is: the production, distribution, and sale of goods and services for a profit.

Production is the creation of services or the changing of materials into products. One example is the conversion of iron ore into metal car parts.

The products need to be moved from the factory to the marketplace - distribution. Example: A car might be moved from a factory in Detroit to a car dealership in Miami.

Sale of goods and services is the exchange of a product or service for money. Example: A car is sold to someone in exchange for money.

Example: cars can be classified as goods. Goods are products which people either need or want. Example: cars can be classified as goods.

Services are activities which a person or group performs for another person or organization.

A doctor also performs a service by taking care of people when they are sick.

is a combination of all these activities: Business is a combination of all these activities: production, distribution, and sale.

is a major goal in the functioning of a business company. Creation of profit or economic surplus is a major goal in the functioning of a business company.

Profit is the money that remains after all the expenses are paid.

Creating an economic surplus or profit is, therefore, a primary goal of all business activity.

Synonyms claim (state, say, allege, declare) advent (arrival, beginning, introduction, initiation) barter (exchange, switch, swap) evolution (development, growth, progress, advancement)

Synonyms availability (accessibility, ease of use) profound (deep, intense, weighty, reflective, thoughtful) per-capita (per person, per head) provide (supply, make available, grant, endow with) reliable (consistent, steadfast, trustworthy, dependable) industries (commerce, production, engineering, manufacturing)

Synonyms primary (main, chief, most important, key, prime, principal) satisfaction (pleasure, approval, agreement) fulfillment (completion, execution, accomplishment, implementation, realization) concern (apprehension, unease, distress) distinguish (differentiate, discriminate, make a distinction, discern) Synonyms

Synonyms commerce (trade, buying, selling, exchange) constitute (make up, comprise, compose, represent) aim at (intend to, expect) uncertainties (fears, suspicions, qualms, doubts) theft (robbery, burglary, thievery) distribute (allocate, give out, dispense)

Any questions? Thank you.