Scribd Logo
Upload

Welcome to Scribd!

  • Week 1 Why Do Businesses Exist Powerpoint - Ver - 1

    Uploaded by

    Meena Kulkarni
    23 views17 pages
    A business is an organization engaged in commercial, industrial, or professional activities. Commercial businesses sell goods and services to make a profit by fulfilling people's needs and wants. Examples include restaurants, supermarkets, banks, retail shops, and food places. Industrial businesses like manufacturing and construction make machinery and products without directly selling to consumers. Professional businesses offer knowledge-based services like lawyers, architects, and accountants. Businesses exist to provide goods and services to consumers.

    Original Description:

    Original Title

    Week 1 Why Do Businesses Exist Powerpoint_ver_1 (2)

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    A business is an organization engaged in commercial, industrial, or professional activities. Commercial businesses sell goods and services to make a profit by fulfilling people's needs and wants. Examples include restaurants, supermarkets, banks, retail shops, and food places. Industrial businesses like manufacturing and construction make machinery and products without directly selling to consumers. Professional businesses offer knowledge-based services like lawyers, architects, and accountants. Businesses exist to provide goods and services to consumers.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    23 views17 pages

    Week 1 Why Do Businesses Exist Powerpoint - Ver - 1

    Uploaded by

    Meena Kulkarni
    A business is an organization engaged in commercial, industrial, or professional activities. Commercial businesses sell goods and services to make a profit by fulfilling people's needs and wants. Examples include restaurants, supermarkets, banks, retail shops, and food places. Industrial businesses like manufacturing and construction make machinery and products without directly selling to consumers. Professional businesses offer knowledge-based services like lawyers, architects, and accountants. Businesses exist to provide goods and services to consumers.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 17

    What is a Business?

    A business is an organisation engaged in commercial, industrial or


    professional activities.

    Organisation: a group of people who come together for a particular purpose or


    reason.

    Commercial activities: relating to commerce (money) such as selling goods and


    services to make a profit.

    Industrial activities: relating to industry such as manufacturing, storage, material


    handling, maintenance, treatment and disposal, amongst many others.

    Professional activities: where a person uses their knowledge to provide a


    service to someone else, such as accountants, lawyers, doctors, schools etc.
    Commercial Business
    Commercial businesses sell goods and provide services to fulfil our
    needs and wants.

    We help commercial businesses make profits by


    purchasing their goods and services when we need
    or want to.

    They are not involved in manufacturing, processing


    or the production of goods. Some examples of
    commercial businesses you may have seen before
    include:
    Some Examples of Commercial
    Businesses

    Restaurants Supermarkets Banks

    Specialist Food
    Retail Shops Salons
    Places
    Activity
    Where have you seen commercial businesses before? Think and share
    with the person next to you.
    Did You Share Any of These Ideas?

    Where have
    you seen
    commercial
    businesses
    before?
    Markets Local Shops

    Central Business
    Online Shopping Centres
    District (CBD)
    Industrial Business
    Manufacturing and construction are good examples of industrial
    businesses. Manufacturing businesses make machinery, supplies and
    products for the commercial business sector.

    Industrial businesses generally do


    not sell directly to the consumer
    and you generally find them in
    industrial districts, away from
    houses. This is because these
    businesses tend to be noisy and
    unsightly.

    Some examples of manufacturing


    businesses include:
    Some Examples of Industrial
    Businesses

    Food Production Mining Car Manufacturing


    Professional Business
    Professional businesses offer knowledge-based services to customers and
    clients.Some examples are lawyers, architects, advertising specialists,
    engineers etc.

    There are many professional businesses in all sorts of fields and a lot of the
    time they are called firms.

    You can find professional business in many of the same places you find
    commercial business - local shops, the CBD, shopping malls and online.
    Can you guess what kind of services these businesses provide?
    Law Firm

    Think and Share


    What kinds of services does a
    law firm provide?

    Think and Share


    When would you need to visit
    a law firm?
    Law Firm

    Law firms provide advice and


    services to do with the law.

    You might visit a law firm when


    you need advice on legal
    matters to do with family,
    property, or commercial law.
    There are many different kinds
    of law and different law firms
    specialise on one or a few
    different kinds.
    Architect

    Think and Share


    What kinds of services does
    an architect provide?

    Think and Share


    When would you need to visit
    an architect?
    Architect

    Architects design structures


    like buildings, houses, bridges,
    hospitals and schools.

    You might visit an architect to


    have design drawings
    completed on a new home.
    Accounting Firm

    Think and Share


    What kinds of services does
    an accounting firm provide?

    Think and Share


    When would you need to visit
    an accounting firm?
    Accounting Firm

    Accounting firms (and


    accountants) provide financial
    advice and services. They
    know all about money and the
    laws relating to it.

    You might visit an accountant


    to do your taxes each year.
    Why Do Businesses Exist?
    As you can see, businesses exist to provide goods and services to the
    consumer.

    Businesses sell their goods and services in the CBD, shopping malls,
    online, at the local shops and markets amongst other places.

    We purchase these goods and services using money.

    Goods and services fulfil our needs (like food, shelter, clothing, medical
    care and education) and wants (like non-essential items).

    We visit different businesses every day for all sorts of reasons. Can you
    think of any you have visited today?

    You might also like