Business dissertation paper
Business dissertation paper deals with this important subject. In the subsequent chapters we will discuss about these topics and its related terms.
The term business may be defined as any activity which leads to the creation of utilities of goods and services for the satisfaction of human wants in return for a price. It creates production, distribution and consumption utilities by removing all possible bottlenecks of form, persons, possessions, place, time, risk, finance and publicity that may stand against smooth interchange of goods and services. We handle your master dissertation effectively.
It is generally related recurring acts of buying, selling, procuring, collecting, improving, manufacturing and distributing goods and services for the satisfaction of human wants and for the personal gain of the businessman. So it is a complex of gainful activities, the main objective of which is to create exchange and possess wealth in the form of physical output and useful services. Consult us for fetching the dissertation proposal .
The features of business are:
a) Creation of utilities: A business organization creates utility in goods and services and delivers them to those who need them and who are willing to pay the price. It is responsible for the creation of place and time utilities. The utility creation is performed with profit motive.
b) Goods and services: It generally deals with goods and services. Goods may be producers’ goods or consumers’ goods. Producers’ goods are used for further production of goods. These may be produced or procured. The consumers’ goods may be for immediate consumption or for future use. There are lots of hindrances for sending the goods from producers to users. Services are helping to remove hindrances and facilitate consumption. The services may be in the form of banking, insurance, transport, warehousing etc.
c) Continuity in dealings: The dealings in goods and services become business only when they are undertaken as a regular basis. An isolated transaction does not become business. Continuity and recurrence is very vital.
d) Sale, transfer or exchange: The basic feature is the sale, transfer and exchange of goods and services. The basis of sale is the transfer of ownership for a consideration called price. The transfer or exchange is facilitated by the common medium known as currency.
e) Profit motive: The sole objective of this is to earn profit. It is the basic incentive for all business pursuits. It is needed for survival and facing uncertainties like trade cycle, change in demand pattern and fluctuation in money markets. Further it is needed for expansion and diversification. This is the watch word of efficiency of all sectors both in the hands of private and public sectors.
f) Element of risk: In every business activity there is an element of risk and uncertainty. Risk implies the uncertainty of rewards or the possibilities of loss. Uncertainty and risk is more prevalent in business.
g) Economic activities: Economic activities are those which are related to the production and exchange of goods and services. These activities are undertaken with a profit motive. Any activity taken up without a profit is not an economic activity and is not apart of business.
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