Following are the methods of measuring a business:
▪️ Amount of sales turnover
▪️ Amount of profit
▪️ Capital employed
▪️ Stock market valuation
▪️ Number of employees
▪️ Number of shops/offices
These methods however are not always completely accurate as a small business for niche’ products can sell products at absurdly high prices but not a lot in number. That does not make it a large business regardless of the profit it makes.
Entrepreneurs occupy a central position in a market economy. Entrepreneurs seek disequilibrium, a gap between the wants and needs of customers and the products and services that are currently available. The entrepreneur then brings together the factors of production necessary to produce, offer and sell desired products and services. They invest and risk their money to produce a product or service that can be sold at a profit. Entrepreneurs are future oriented; they believe that success is possible and are willing to risk their resources in the pursuit of profit. They’re fast moving, willing to try many different strategies to achieve their goals of profits. And they’re flexible, willing to change quickly when they get new information. Entrepreneurs are skilled at selling against the competition by creating perceptions of difference and uniqueness in their products and services.
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture each of the participants is responsible for the profits, losses and the costs associated with it. However, the venture is its own entity, separate and apart from the participants’ other business interests.
A franchise is a business system in which private entrepreneurs purchase the rights to open and run a location of a larger company. The franchising company, or franchiser, signs a contractual agreement with the franchisee, explaining in detail the company’s rules for operating the franchise. Franchises are a very popular method for people to start a business, especially for those who wish to operate in a highly competitive industry like the fast-food industry. One of the biggest advantages of purchasing a franchise is that you have access to an established company’s brand name; meaning that you do not need to spend further resources to get your name and product out to customers.
A limited company is an organisation that someone can set up to run their business, it’s responsible in its own right for everything it does and its finances are separate to the owners’ personal finances. Any profit it makes is owned by the company, after it pays Corporation Tax. The company can then share its profits. Every limited company has ‘members’ the people or organisations who own shares in the company. Directors are responsible for running the company. Most limited companies are ‘limited by shares’. This means that the shareholders’ responsibilities for the company’s financial liabilities are limited to the value of shares that they own but haven’t paid for. Company directors aren’t personally responsible for debts the business can’t pay if it goes wrong, as long as they haven’t broken the law.
There are two types of companies, Private Limited ones and Public Limited ones. In Private Limited companies directors or shareholders financially back the organisation up to a specific amount if things go wrong while in Public Limited companies, the company’s shares are traded publicly on a market.
A partnership is a single business where two or more people share ownership. Each partner contributes to all aspects of the business, including money, property, labor or skill. In return, each partner shares in the profits and losses of the business. Because partnerships entail more than one person in the decision-making process, it’s important to discuss a wide variety of issues up front and develop a legal partnership agreement. This agreement should document how future business decisions will be made, including how the partners will divide profits, resolve disputes, change ownership (bring in new partners or buy out current partners) and how to dissolve the partnership. Although partnership agreements are not legally required, they are strongly recommended and it is considered extremely risky to operate without one.
A sole trader is the simplest form of business structure and is relatively easy and inexpensive to set up. A sole trader is legally responsible for all aspects of the business. They make all the decisions about starting and running your business. The sole trader is also effected by any profit or loss the company makes. Being a sole trader is risky because of unlimited liability, which means that a sole trader’s personal assets can be taken away if they are late on payments and/or things go wrong. But it is relatively easy to change business structure if the trader’s business grows or if they wish to wind things up.
Majorly, the purpose of a business is to gain profit, hence expansion is inevitable. However, while expanding a business might face many problems. Usually, businesses try to expand as quickly as possible, and face diseconomies of Scale, which are the factors which cause a large firm to produce at increased average. When a business is way too big it may be difficult to manage. However, in order to manage a large business, should use specialization. Specialization is a process when people are assigned with tasks they are good at, and work is divided into different units.
Most large businesses lead to poor communication, causing trouble in decision making. In order to improve it businesses use expensive latest IT equipment telecommunications, which increase the total cost of the business, and can make the company/firm may end up bankrupt.
Mismanagement is a very common yet the most important factor of integration. Integration with other business may create problems due to different ways of management experienced by each business.
Commonly,the size of a business is measured by the number of employees hired, value of output, value of sales and value of capital used for production. A growing business always experiences a major changes in all these sectors. Once a business is growing, it employees less, and spends more on machinery. However, number of employees hired cannot determine a business’s size accurately. Yet, the output produced is a better way to measure. A business has more sales in case of growth, and it is a major of measuring a business. The most important and major way to measure a business is by measuring the value of of capital employed. A growing business has more investment than a smaller one, hence it is the best way to measure a business.
A business is divided between three sectors; primary, secondary and tertiary. Each sector deals with a section of a business. The primary sector is smallest one, dealing with the extraction of natural resources, e.g mining. However, the secondary sector deals with the manufacturing of products. And, tertiary sector is responsible for providing goods and services; e.g retailing and transportation.
The concept of needs, wants and scarcity is the basis of Business Activity. Their is a slight difference between needs and wants. Needs are essential things one needs to survive, yet wants are the things that people believe they need but are put under the category of luxuries. For example, a person needs water for survival,but it does not need soda; yet he/she believe that soda is also something he/she needs.
This difference between needs and wants is well elaborated by the concept of scarcity. It describes the ratio of needs and wants. It explains that people have more wants yet lesser resources o fulfill them.
In the business world, the value added concept explains a basic feature of a business.This concept explains that a primary product can be sold for a higher price after some advancements are made to it. For example, if you buy a book for Rs.500 and spend Rs.200 to get it wrapped in a customised wrapping, you would sell it for Rs.750,in order to gain profit. In this case Rs.200 is the added value.
This concept is usually used by sole traders, as they have less room to expand their business, yet it also helps them gain profit.
In our daily lives, business activity holds immense importance, as it is the process of providing goods and services to people. In a manner, our lives are based on business activities.In a business activity, both private and public enterprises are set up. Usually, private enterprises set up to gain profit, yet public enterprises are set up to provide goods and services to public consumers.
Business activity is based on the economic system, hence it also fulfills the purpose of economic development.
Basically, as humans we all have needs and wants. Needs are the things we can’t live without while desires are things we can live without. We as humans have unlimited wants. Business activity exists to satisfy these needs and wants.
Shoes come in variety of styles and shapes. There is a broad range of shoes styles for children, men and women and everyone. It is an important part of human dressing. Whether it’s a party, wedding, or some other sort of celebration, shoes are considered as an important part. Shoes can be in different styles such as close shoes, pumps, open shoes, heels, flats, sandals, and fancy shoes. The shoe type to be worn is selected according to the occasion and person liking for a certain style. The reason for popularity is due to its involvement in the completion of dressing and personality of a person. Different styles can help to adopt a certain look such as a person who has short height and want to look long then heels can help him to fulfill his desire.
University life one of the most charming and memorable time in the life of the students because this is the stage when they starts to become mature and more sensible as they starts to feel their responsibilities as well as they have slightly more freedom from their homes as compared to the college or school lives. In a university the students are more or less at the end of their causal carefree attitude because they are well aware that after the completion of the university they will be moving out in the professional lives and they have to strive hard for the purpose of penetrating in the market in the search o f jobs for their livelihood.
My house is in Lahore. It was purchased three years ago by my father. It has three bedrooms with attached bathrooms. It has a big drawing cum-dining room.
It has a kitchen; a store room and a very beautiful lawn outside, the rooms of my house are spacious. They are well- ventilated. There are fans, tubes, bulbs and almirahs in all the rooms.
We have a computer in our house. We also have a television set, two sofa sets, a dining table and a stereo. The kitchen has shelves, tiles and slabs. There are water taps, a geyser and shower in the bathroom. There is a garage to park our car. My house is very comfortable and I like it very much
Education is the most important factor for the development of human evolution. Education provides the nation with man powers and promotes national unity. A country needs different kinds of man powers such as doctors, engineers, teachers etc
If people are educated, they can understand their duties and rights. People should be capable to understand others. If people can understand each other, they will be united. Thus, education can promote national unity. Education plays a prime role. It makes all people conscious. Educated people can reform the society. They can understand what is wrong and what is right. They can save good traditions. Education greatly enhances human prosperity.
There are many different kinds of friends. You have your good and you have your bad. The good ones take up for you, help you when you need help, a good friend basically becomes your family. A bad friend is someone who gets you into trouble, someone who doesn’t have your back. They are the people who make you do things you don’t want to do. Everyone can be a friend, but only some can be a good friend. Only some can be called you best friend.
Operations management (OM) is the business function responsible for managing the process of creation of goods and services. It involves planning, organizing, coordinating, and controlling all the resources needed to produce a company’s goods and services. Because operations management is a management function, it involves managing people, equipment, technology, information, and all the other resources needed in the production of goods and services. Operations management is the central core function of every company.
Operations Management is the activity of managing the resources which produce and deliver goods and services.
Operations management (OM) is the business function responsible for managing the process of creation of goods and services. It involves planning, organizing, coordinating, and controlling all the resources needed to produce a company’s goods and services. Because operations management is a management function, it involves managing people, equipment, technology, information, and all the other resources needed in the production of goods and services. Operations management is the central core function of every company.
Operations Management is the activity of managing the resources which produce and deliver goods and services.
in the time that i stand today it is so sorrowful to admit that a price of a mobile is higher than the price of life of a person.
it is just as a pickpocket snatch away your mobile from your pocket and you don’t realize for a moment and when you do, for how many days the sorrow remains? Two may be three? But what is the value of life today? Just as some pickpocket takes out a candy from your pocket, unimportant, ignorable and meaningless.
Every moment with every child being born we lose a life of our fellow; we celebrate the joy and forget to grieve. We are too busy to realize that one person dying does not mean one single body but souls of dear ones attached to him. Note “one person” regardless the religion, culture or country he is from, a human being he is, just like us.
Innocent people are losing their lives because of our leaders’ decisions, i am sorry i need to rephrase: innocent people are losing their lives because of our small mistakes. Our leaders are not they, our leaders are Us.
We all are one, under one sky, living on the same earth. Isn’t it enough to live? Can’t we forget about the differences and live peacefully?
Shopping is an action for searching the desired or suitable goods, products in a mall or a store.It is mostly considered that ladies have more intense in shopping than gents.Shopping from a mall or a store is a stiff task because we have to go shop by shop to get our desired goods,further more; we have to bargain with shopkeepers.These days there is a facility of online shopping. In online shopping we can search things according to our choice,more over; the money range can also be selected easily.But there is a chance of scam if we are buying from a infamous company.Besides all this shopping is an interesting activity.
House is the place to stay together with part of our family. A good house is the house that makes the dweller fells so comfortable. My dream house is the house that has complete facility and wide garden. I want to try my best to get my dream house in my future later on. Actually, my dream house is so simple to make if I have a lot of money. Because I ‘m Balinese, I will build my house use Bali style because I am proud as Balinese, it means I respect Bali culture as my culture. In the first floor of my house I want to have six bedrooms, one bedroom for my parents, one bedroom for me, and the other bedroom for my children later on. In every bedroom I want to have complete furniture and facilities such as there are bathrooms, table, chair, television, etc. In every bathroom there are complete facilities such as shower, the thing that use to organize temperature of the water so that I enjoy when take a bath. In the kitchen of my house I want to have complete facilities such as refrigerator to put the foods, vegetable, meat, eggs, cold drink, etc, the stove to cook everyday and the other facility.
McDonald’s is a fast food restaurant chain and “has over 32,000 locations in more than 100 countries around the globe” (McDonald’s website). It is one of most popular fast food restaurants in the world, and preferred by a lot of people. The restaurants are very modern and cozy and always have a place for children to play in. It is also known for their Happy Meals, which contains a hamburger, french fries and the always desired toy. McDonald’s is my favorite fast food restaurant because it has everything I love. Their food is my favorite, the service is good and they have charities, which is very important.
Music is one of the most important and powerful things in my life. My life without melodies and harmonies would be totally empty. Listening to and playing different tunes helps me to de-stress, relax and it can also help to motivate me in trying times. I love listening to music while on my way to job, as I feel it helps me to prepare for the day that waits. I think it is like the memoirs to my life as it has been there throughout everything with me. When I was younger, I didn’t have the great love for musical as I do now. I mainly listened to whatever was playing in the background or what my parents were listening to. I didn’t have much of a care for musical compositions. There was sometimes a little bit of pop music thrown in to the mix here and there, but that’s really all I liked back then.
Cell phones or mobile phones have become a very important part of our daily lives. It is very difficult to imagine our live without a cell phone as most of our work is done using cell phones. The very first point of mobile phones is communication. With mobile phones you can communicate with everyone from anywhere at any time. Now days, the smartphones which are coming are small in size and light in weight which makes it very easy to carry them. Mobile phones have become a source of unlimited entertainment. The things which we never thought would be present in a mobile phone are now possible. Mobile phones even come with special apps for kids to increase their brainstorming which is pretty good.
A relationship between two people can have very different meanings. In some relationships such as two lovers, they can also be best friends because they share good communication. A relationship between a parent and child has a special bond because they share love, and affection for each other. However, there are times when a relationship can go bad because there is no understanding, lack of communication, and a feeling of distance in the relationship. Long-term relationships force couples to get to know each other, involve themselves in each others’ worlds, fight through the hard times, and eventually develop deeper connections.
Many people are trapped in some kind of a bad habit that they wish they never had. Bad habits are formed more easily than good habits, and are usually the hardest to get rid of. Smoking, drinking, gambling, overeating, and eating fast food are all examples of bad habits. Many people, who know of their bad habits, want to change, but no matter how hard they try, they usually find themselves not being able to. It is easy to develop bad habits, especially when a person is young. This is because when a person is young, it is hard for him/her to distinguish the difference between right and wrong because of their inexperience. Bad habit is a process that starts from our mind, our thoughts.
Losing weight is something almost every person wants to do. It is a difficult process that’s takes determination and motivation. There are many steps involved in this but the most important thing is to stick with it. The first step in losing weight is to get rid of all the junk food in your house, the less you see it the less u want it, and the less you want it the less you eat it. In order to lose weight and keep it off you must adapt good eating habits. You have to stay away from fried foods and foods that have a lot of fat. Carbohydrates, also known as carbs, should be kept at a minimum. They provide bulk and are hard to break down. This makes them more difficult to burn or get rid of. The most important step in losing weight is exercise. Eating healthy will only keep you from getting fat, but exercise is what allows you to lose the weight.
I am a high school student. I go to school every day from Monday to Saturday. I am very busy with my studies. Sunday is my holiday.On Sunday morning, I get up later than usual. After breakfast, I visit my close friend and we often go shopping downtown. Sometimes we go for a picnic in the countryside. In the afternoon, I prefer having a rest in my room, reading books or listening to pop music. Then after dinner, I prepare my lessons for the following week and go to bed early. Sunday is a good time for me. It refreshes my mind after a week’s hard work.
Some people come into our lives and quickly go. Some stay for a while and leave footprints on our hearts. A best friend can be someone with whom you’ve known since childhood but can also be someone that you’ve just met. Through thick and thin, a best friend supports you and helps you through tough times. A best friend is someone with whom you’ve shared your most intimate secrets with, and laughed the loudest. She probably knows you better than anyone you can think of, definitely better than your parents, and sometimes better than you know yourself. She has seen you at your worst, and helped you be your best. A best friend is not afraid to tell you the truth, even if it’s something that you don’t want to hear.
Traffic accidents are on the rise these days. Most of the accidents caused injuries or either worse death. Research have found that most of the accidents are caused by inexperienced drivers, for example young drivers. Young drivers tend to be more daring and are unable to avoid a crush when they face one. They tend to be more daring after drinking alcohol at night and this causes them to lose control of the car. Drunk driving will not only risk a person’s own life but may also cause an innivent life to be lost. The government should encourage the driving school to conduct driving lessons for young drivers for a longer period. This will give them a clear picture about how accidents happen and teach them about the safety of others on the road. Drivers that have been in an accident after drunk driving should be ban from driving for at least two years and be given driving lessons again.
Fist day anywhere is exciting but if it is on the job then the excitement doubles and becomes vast. I ran to the washroom took the bath. I opt for the best dress shirt and dress pant with a perfect matching tie, polished shoes and hair maintained properly. It was Monday afternoon and I was ready working for my first job. Being nervous and excited is something that everyone goes through on the first day of a new job; I was definitely not an exception. I hardly found out the destination, and I hesitated around the restaurant.
The word politics comes from the Greek word “polis”, meaning the state or community as a whole. The word politics originally has connotations in the ways in which to create the ideal society. An ideal society is in practice a rather difficult aim and even an impossible aim to achieve. Politics implies measures which could and should, in the views of their devisor, be implemented in the hope to create a better society, than that which is already present. Everyday humans all around the world are being affected by global politics.
Crime is unquestionably one of the most prevailing and worrying aspects in any society, and its prevention should be taken seriously. Over the last few decades, many cities around the world have seen alarming increases in the levels of youth crime. First reason is the case that chilrens are neglected, because of the fact that many parents in cities now both have to work so are often not around to give their children support when needed. Second is the increasing levels of poverty around the world. We have seen with globalization the rich get richer and the poor get poorer. Crime prevention can be achieved in various ways, firstly through a sustained honest presence in the community and secondly through international cooperation.
Every generation has grown in different circumstances, cultures and traditions. Nowadays the major influence on new generation has technology. Modern lifestyle is an opportunity to increase their standards. Old people are always saying that the young are not what they were. The same comment is made from generation to generation and it is always true. The young are better educated; they have a lot more money to spend and enjoy more freedom. They grow up more quickly and are not so dependent on their parents. They think more for themselves and do not blindly accept the ideals of their elders. Every new generation is different from the one that preceded it. The old always assume that they know best for the simple reason that they have been around a bit longer. They don’t like to feel that their values are being questioned or threatened. And this is precisely what the young are doing.
Criminals are not born but made because of certain conditions in theier lives. Committing crime is definitely not something one is born with, but gradually over time it takes place because of certain situations or circumstances that life throws at a person. Things like child abuse, unemployment, and the environment in which one grows up, makes a criminal. Some criminals commit crimes again after they have been punished. Children who have been abused are more likely to grow up to be criminals because they grow up with a large amount of hate that they do not know how to deal with. One way to cope with the way they feel is to be violent towards everybody else. The environment that children grow up in plays a key role as well.
A school is where people learn and study. Schools enviorment has to be clean to let students study comfortably. All teachers have to be highly trained. One of the main purposes of school is to improve the quality of education. In Schools pressure to succeed in examinations may also be detrimental to the students. They may be so filled with anxiety and stress that they do not enjoy their school years. They may be studying only to get good examination results, rather than a rounded education. Some of the weaker students, who cannot seem to achieve good examination results, may lose interest in their studies. So schools higher education authorities have to notice that problems of schools, so that students enjoy their school years.
Obesity has become a major problem in the UAE. Over 60% of peoples are overweight. This is a difficult problem with many serious effects on the individual and country. One of the chief causes is diet. Youngs eat more and more high-carbohydrate, high-fat burgers and pizza in fast-food restaurants. However, some traditional foods are also very oily, and because of increasing affluence are eaten more often than in the past. Lifestyle is a second main cause of obesity. Youngs now have sedentary jobs, and do not exercise regularly. Parents do not teach good eating habits to children, and many people for lack of knowledge about good nutrition or a balanced diet consumes overwieght problems. Obesity can lead to heart disease, diabetes, and other conditions. Country government have to provide advanced medical care such as heart transplants. Unhealthy citizens are also less productive, and their children learn poor eating habits.
The media is playing an important role in our daily life, because with it we can know what is happening in every corner in every minute of the world. The information that the media provide to us are so wide and diverse, including every aspect of politics, economy and society. Unfortunately, media today does not abide by moral standards, which in turn sends mixed messages to our society. Freedom of the media carries with it certain responsibilities of honesty, fairness, accuracy and accountability. The power of the media to create and destroy human values comes with great responsibility. The media are a centre of power in the political system, having great influence on politics and on forming social change. For a multi media company, trust is a keyword. It is essential to have mutual trust with readers, viewers and listeners, as well as employees, owners and society at large. One does not gain trust without taking responsibility.
The library is a place where there is a large collection of books. Some people are very fond of books and collect them to satisfy their thirst for knowledge. A man can read a large number of books at a very little cost or even no cost. There is no disturbance and everybody can read with rapt attention. The library helps a good deal in spreading knowledge and education. Many books are so costly that a man of average means cannot purchase them. People can derive benefit from these books by consulting them in the library. Libraries have to share the resources via internet.
Firstly, citizens of both wealthy nations and poorer nations are human beings. Therefore, we can not look at, hear of, or talk about people who lack food, education, etc without compassion and sympathy. Sharing wealth with poorer nations is not only a good deed but is also a task. Many nations in Africa and Asia are very very poor. Diseases, crime and illiteracy are killing the citizens of these countries. If richer countries not help poor countries then poor countries will become more and more poorer while rich countries will become more and more richer. So, sharing wealth is an useful way to prevent people from that bad future.
With the improvement of people’s living standards, people tend to have more disposable income to celebrate some happy events such as wedding day and birthday by holding parties. Celebration of parties can present sufficient benefits to individuals and society as a whole. Main purpose of inviting relatives and friends to a party is to share hosts’ joyful feeling and emotions. Nevertheless, others assume this phenomenon has nothing productive but a waste of money. Undoubtedly, to hold a party, especially celebrating an important event, costs hosts a huge amount of money on food, drinks and so on, which may impose financial burdens on them. Nonetheless, as far as I am concerned, it is necessary to celebrate happy events by holding parties but in reasonable budget according to their financial situation.
Football is perhaps the most popular game in the world. Almost all the progressive countries are fond of playing football. The games make the players healthy and disciplined and develop in their mind a team spirit and sense of tolerance. Football game is played for ninety minutes with a break of five minutes in the middle of the game. It is played between two teams each having eleven players. The games played by kicking the ball, and trying to send it between the two goalposts of the opponent team. There is a goalkeeper on each side to resist the scores of goals shot from the rival team. The goal-keeper is allowed to touch the ball by hand, while others are not. The team, which scores more goals, is declared the winner.
A teacher is the person who shapes the future of everyone by providing best education to her/his students. Teacher plays a great role in the education of every student. A good teacher has many qualities and fully able to make his/her students successful in life. A teacher is very intelligent and know well that how to draw attention of students towards study. She uses creativity while teaching students so that students may concentrate. Teacher is a good conductor of knowledge having lots of patience and confidence who take responsibility of the future of students. Teacher knows the ability of each and every student and tries for them accordingly.
A computer is a great invention of the modern technology. It is generally a machine which has capability to store large data value in its memory. It works using input (like keyboard) and output (like printer) devices. It is very simple to handle the computer as its functioning is so common that a child can handle it. It is a very reliable device which we can carry with us and use anywhere and anytime. It allows us to make changes in the already stored data as well as store new data. Computer is a new technology which is used in offices, banks, educational institutions, etc.
In hiring, men are much more likely to get a job than women are. Men make more money than women do, even though they both have the same qualifications. Although in the last 10 to 15 years, women have gradually closed the gaps. In 1974, 14 to 25% of women earned bachelor degrees in computer and mathematical science. While in 1989, the women that earned the same degrees were 33 to 37% of the graduates. Hiring, promotion, and salaries are the three main factors that separate men from women in the work place. In hiring, men are much more likely to get a job than women are. The goal of providing better education for women does not mean neglecting or suppressing men. By placing men and women on an equal level, the relatively increased valuing of women will also benefit men by informing them of the strengths, capabilities and contributions of members of the opposite sex.
Obviously, the first teachers we have in our lives in most cases are our parents. They teach us to walk, to speak, and to have good manners before we reach “the real world.” More than even the professional teachers that we have in school, parents are generally the most involved in the development and education of children. Parents are most committed and involved in teaching their children; they have a kind of instinct to sacrifice a part of themselves for the betterment of their children. They love us and have great patience while passing down their knowledge to us. They wish us a success and thus will not teach us bad things. And of course, implicit learning occurs when children unconsciously copy some of their parents’ habits and styles of behavior.
Education is the act of learning things around us. It helps us to easily understand and deal with any problem and makes balance throughout the whole life in every aspect. Education is the first and foremost rights of every human being. Without education we are incomplete and our lives are useless. Education helps us to set a goal and go ahead by working on that throughout the life. It improves our knowledge, skill, confidence level and personality. It empowers us intellectually to interact with others in our life. Education brings maturity and teaches us to live in society with changing environment. It is the way to social development, economic growth and technological development.