Explain the Definition of Business according to the Experts, from Purpose to Type – Id.Spot72.com

Explain the Definition of Business according to the Experts, from Purpose to Type – Id.Spot72.com
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Id.Spot72.com– Explain the Definition of Business According to Experts, from Purpose to Type. Before you want to start a business, you must understand the right way of doing business.

In our daily life we ​​all must often hear the term business. So do not be surprised if not a few young people today want to become businessmen.

Although the term business is often heard everywhere, not a few of us still do not understand the meaning of business properly and correctly.

Therefore, we are here to provide information about the meaning of business for all of you. Those who want to try to open the business.

If you are one of those people who have the desire to enter the business world, it is better to first learn what it really is. what is meant by this business, so that at least you have a basic picture first before further practicing it.

Understanding Business According to Business Expertss

Explain the Definition of Business According to Experts, from Purpose to Type
Explain the Definition of Business According to Experts, from Purpose to Type

1. According to Griffin and Ebert (2007) business is an organization that provides goods or services with the intention of making a profit

2. According to Prop. Owen’s business is one of the companies that deals with the production and distribution of goods for sale to the market or providing prices for each of his services.

3. According to Merriam Webster, business is an activity of making, buying or selling goods and services which are then exchanged for money. Work or activity that is part of the job. The number of activities that have been completed by a shop, company, factory and others

4. According to Hopper, business is any and all complexities that exist in various fields such as sales (commerce) and industry, basic industry, processing, and manufacturing industry and networking, distribution, banking, insurance, transportation, and so on which then serve and enter directly. whole (which serves and interpenetrate) the business world as a whole.

5. According to Businessdictionary business is an organization or economic system in which goods and services are exchanged into other forms or in the form of money. Every business needs sufficient investment and customers to sell its output at a certain quantity to make a profit. Business can be privately owned, not for personal gain.

One Business

Explain the Definition of Business According to Experts, from Purpose to Type
Explain the Definition of Business According to Experts, from Purpose to Type

In general, the purpose of one of the businesses of doing business is to gain profit oriented. However, that does not mean that the business does not have a purpose.

Well, here are some things that even though are guidelines if you want to open the business.

  • Want to be sufficient and meet various needs.
  • To make the family prosperous.
  • If you want to be famous as a businessman or entrepreneur by the community.
  • I want to be someone who can continue my family.
  • Want to try and take advantage of free time with something profitable
  • If you want to have your own business and business so you don’t depend on others.
  • Want to gain sympathy, etc.

Types of Business Definition

Explain the Definition of Business According to Experts, from Purpose to Type
Explain the Definition of Business According to Experts, from Purpose to Type

Judging from the motivation, business can be divided into two types, namely:
Profit-oriented or profit-oriented businesses, such as individual companies, CVs, firms, PT, and so on.

Businesses that are not profit-oriented are referred to as non-profit businesses. Examples are foundations, social organizations, non-governmental organizations, and so on. However, if viewed from the type of activity, business can be divided into 4 types, namely:

Industrial Business, which is engaged in the manufacturing industry such as the textile industry, machinery, and so on.

Service business, which is engaged in services to produce an intangible product such as banking, beauty, and others.

Extractive Business, which is engaged in mining activities by digging for mining materials contained in the bowels of the earth. Such as cement factories, tin factories, nickel factories, and so on.

Agrasis Business, which is engaged in agriculture, plantations, livestock fisheries, and also forestry.

Well, that’s what we can convey to all of you, hopefully the information that we have presented here can help you to get what you are looking for.

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