Business Studies

www.studyguide.pk mercenary 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 harvest-tideion line in the tete-a-tete sector is to survive by devising 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 large market-share [a percentage of boilers suit sales in an intentness] by increase the sales of their products against competitors. This may involve reducing prices. To win the subjection of customers and encourage plagiarize sales [Customers returning to buy the product from the same business], businesses shoot to be re likely 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 achievemen t. These stages degree 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 mine; oil drilled from the desktop; rubber tapped from trees; foodstuffs farmed, and fish trawled. This is sometimes kn admit as extractive production. petty(a) production Is the manufacturing and assembly process.

This involves converting raw materials into components, eg make 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, tra! nsport, advertising, warehousing and retail, pedagogics and health care. StudyGuide.PK Business Studies O-Level Notes Page 2 www.studyguide.pk Limited companies every limited companies are merged [ firm with separate profound 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: BestEssayCheap.com

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