The Purpose And Nature Of Businesses
Gbogbo ọrọ náà
A woman in Accra notices that the office workers on her street queue for twenty minutes at lunchtime and still go back to their desks hungry. Six weeks later she is renting a unit, employing two cooks and selling four hundred meals a day. A shipping company in Rotterdam moves the flour she buys. A farmer in Kansas grew the wheat. None of the three has ever met the other two, and yet the meal on that desk needed all of them. That chain, and the decision that started it, is what this whole course is about.
In this lesson you will pin down what a business actually is and what its purpose really is, which is not the answer most people give first. You will meet the four factors of production and the reward each one earns, learn to sort any business into the primary, secondary or tertiary sector and explain why the three sectors depend on each other, and work out what makes someone an entrepreneur rather than simply an employee with ideas. You will finish with the single most examinable idea in the whole section: that the world a business trades in will not sit still for it.
Ebumnobi
- Purpose of business.
- Reasons for starting a business.
- Basic functions and types of business.
- Business enterprise and entrepreneurship.
- Dynamic nature of business.
Maapụ uche
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Nnyocha Ọmụmụ
Ekele diri gi maka imecha ihe karịrị na The Purpose And Nature Of Businesses. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.
Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.
Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.
- Which one of the following is the main purpose of business activity? A. Allowing entrepreneurs to become wealthy B. Creating employment for a country C. Satisfying the needs and wants of consumers D. Using up a country's raw materials Answer: C
- Which one of the following is a factor of production? A. Capital B. Competition C. Profit D. Revenue Answer: A
- Which one of these business activities operates in the secondary sector? A. Growing coffee beans B. Roasting and packing coffee beans C. Serving coffee in a cafe D. Transporting coffee to a port Answer: B
- A baker can use her last sack of flour to make either 60 loaves or 200 bread rolls. She makes the loaves. What is the opportunity cost of her decision? A. The 200 bread rolls B. The 60 loaves C. The cost of the sack of flour D. Both the rolls and the flour Answer: A
- Which one of the following is a reward earned by the factor of production called capital? A. Interest B. Profit C. Rent D. Wages Answer: A
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