What Does Business Mean to Me in 500 word essaySolutionBusi

What Does Business Mean to Me?\"

( in 500 word essay)

Solution

Business can be defined as a set of activities which generate some cash, money or value in many senses. It is the exchange of goods and services against some value or price. Business can be defined as for profit business or non-profit business. Generally, any government conduct business for the welfare of its citizen’s then t comes under this non-profit concern. Some, private people also work for charitable or welfare activities, it will be also come under non –profit business.

Business has many meaning in much sense. Generally, when we heard this word we understand any activities which have some fruitful result like serving a huge number of customers with essentials goods or services. Like producing edible oils, biscuits, tea , coffee, vegetable farming, restaurants, retail shops, telephone services, internet services, educational institutes, generic medicines, clinic, hospitals, transport , road construction etc . I read in the history that traditionally barter system was popular in the many part of the world. When, the modern economic system was not developed then food grains and some weapons were key mean to the exchange system. So, gradually we learn how to set a formally business organization.

In my view, business is a well planned any profit making activity. It must have some vision, mission and strategic view, so that it can sustain to the long run of the future growth and development. Any business can be traced with the name of some key people who has given its name with some unique purpose. In the field of entrepreneurship and new business development, this is used to start up a new idea to produce or facilitate something. In my view a business has some key features and functions to perform,

Any successful vision can only led to a business to new heights. To obtain this, everyone has to build a continuous effort.

3)Business any manufacturing or services providing activities :

A business can be identified that it might produce some finished products where as design some services facilities like home delivery.

4)Having prompt customer care :

When, we visit any simple restaurant for tea or coffee, we get order within few minutes. They might bring some unique service experience then we repeat their tea and snacks.

5) Quality benchmark: Business compares their offering with best company in a related industry. For example: Every FMCG company want to follow the HUL and P&G.

6) Supply and demand: A business might produce some goods then there will be some demand sides and some where it has to arrange transportation to the customer.

7) A business must have some ethical code of conduct:

I think, business will be governed by some rules and regulations, which might be bounded by some legal enactments.

Ethics also promotes CSR activity in remote or rural areas where marginalized people might be resided.