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What is the purpose of using Small Business Incubators?
The purpose of using a Small Business Incubator is that it provides new entrepreneurs with support, services and resources in order to help them succeed. Studies show that 87% of entrepreneurs stayed in business after using the Small Business Incubator, compared to only 44% for those who didn't.
Characteristics of business?
my need to note on characteristics of business.Charactaristics of business:1) Entreprenure2 deals in goods and services3 involve production or exchange of goods4 series of deals5 desire to earn profit6 involves element of risks7 creation of utilitiesetc.Characteristics of Business?According to L.H. Haney, "Business may be defined as human activities directed towards providing or acquiring wealth through buying and selling goods". This definition includes activities relating to the production of goods. A vital omission is 'services'. Business includes rendering of services also. The main characteristics of business are;1. Entrepreneur:- There must be someone to take initiate for establishing a business. The person who recognises the need for a product or service is known as entrepreneur. The entrepreneur is a key figure in the process of economic growth. The quality of entrepreneurship exiting in any region determines to a large growth. The quality of entrepreneurship existing in any region determines to a large extent the development of that region. The entrepreneur visualizes a business, combines various factors of production and puts them into a going concern.2. Economic Activities:- A Business includes only economic activities. All those activities relating to the production and distribution of goods and services are called economic activities. These activities are under-taken with economic motive. Business is carried on with a profit motive. Any activity undertaken without economic consideration will not be a part business. So, business covers only economic activities.3. Exchange of Goods and Services: A business must involve exchange of goods and services. The goods to be exchanged my either be produced or procured from other sources. The exchange of goods and services is undertaken with profit motive. Production or purchasing of goods and services for personal consumption do not constitute business. The purchase of goods by a retailer constitutes business while the purchase of goods by a consumer is not business. The purchase of goods should be to sell them again. The same principle is applicable to services. If a person cooks his food at home it is not business, but if the same person cook at a restaurant, it is business, because he exchange his services for money.4. Profit Motive:- The profit motive is an important element of business. Any activity undertaken without profit motive is not business. A businessman tries to earn more and more profits out of his business activities. The incentive for earning profits keeps a person in business and is also necessary for the continuity of the business. This does not mean that there will not be losses in business. The object of starting a business is to earn profit through there may be losses. The profit motive does not entitle a businessman to start exploiting the consumers. The responsibility of business towards society restricts a businessman from earning exorbitant profit. The business activity will flourish more when the business serves the society.5. Risk and Uncertainty:- The business involves larger element of risk and uncertainty. In fact a business tries to foresee any future uncertainties and plan his business activities accordingly. The factors on which business depends are never certain, so the business opportunities will also be uncertain. These may be shift in demand, strike by employees, floods, war, fall in prices, fluctuations in money market etc. If a businessman is able to foresee uncertainties and is able to bear them then he will successful, otherwise he may be forced out of business. The risk element in business keeps a person vigilant and he tries to ward off his risk by executing his policies properly.6. Continuity of Transactions:- In business, only those transactions are included which have regularity and continuity. An isolated transaction will not be called business, even if the person earns from that deal. A person builds a house for himself, but later on sells it on profit. We will not sell them, this will be called business. So the transactions should have continuity and regularity, otherwise they will not be a part of business.7. Creation of Utility:- The goods are provided to the consumers s per their linkings and requirements. Business crates various types of utilities ion goods so that consumers may use them. The utility may be form utility, place utility, time utility etc. When raw materials are converted into finished goods, it creates from utility. The goods are transported from the places of production to the ultimate consumers; it creates place utility. In the present industrial world, production is not done only for the present but it is undertaken for the future also. The process of storing goods when they are not required and supplying them at a time when they are needed is called creation of time utility. So the business creates many utilities in goods so that the consumers may use them according to their preferences and needs.8. Organisation:- Every enterprise need an organisation for its successful working. Various business activities are divided into departments, sections, and jobs. An organisation creates the framework for managerial performance and helps in coordinating various business activities. A proper oganisation is helpful in the smooth running of the business and helps to achieve its objectives.9. Financing:- Business enterprises cannot move a step without finance. The finances are required for providing fixed and working capital. The availability of other factors of production also depends upon the availability of finances. After estimating its financial requirements, the businessman tries to find out the sources from which these requirements will be met. A proper capital structure is must for the success of the business.10. Consumer Satisfaction:- The utilities of business is to supply goods to the consumers. The foods are produced for the consumers. If the consumer is satisfied, then he will purchase the same thing again, otherwise he will for in for an alternative commodity. The business should try to satisfy the consumer so that the demand for his products is maintained. The existence and expansion of business depends upon the liking of the consumers for the products of that business. The businessman should try to produce goods according to the linkings and tastes of consumers. The commodities should be made available when they are needed. Business and consumers exist for each other.11. Satisfying Social Need:- The business should aim at serving the society at large. The business is a socio-economic institution. It must look to the public good. A great emphasis is laid, now-a-days, on the social aspect of business and social obligations of business. It is not only the public which needs business but business also needs public support. S business must serve public purpose.pradeepkalari (pradeep sp)
Is business of business only business?
Business is a vast term and has many things in it . Its is an only business but it contain profit, growth, risk, losses or troubles etc so its is only business but contain every thing.
What would be an example of intrastate business?
Intrastate Your LLC or corporation must qualify to do business in any state where it is engaged in intrastatebusiness. This means that at least part of your business is conducted entirely within that state's borders. For example, if your business has a warehouse IN another state and you sell and ship from that warehouse to customers within that state, you are engaged in intrastate business in that state. Interstate On the other hand, a state can't make you qualify or pay taxes in that state if you only engage in interstate business to other states -- meaning that all of your business is conducted across state lines. For example, if you sell and ship merchandise from your home state to residents in other states, you are engaged in merely interstate business, which cannot be regulated by other states.
Why is baba gurinder singh satsang of beas married is he is serving god or running a family business?
why not, he teaches to remain in your family to fulfil there needs and also doing your meditation. He is a live example. And he is not running his family business. He serve people and do satsangs only.
Which of the following is an example of a business that provides only goods?
self serve gas station
Which goods and services did the private sector provides?
pricte sector provides only those goods and services which help them to maximize profit.
Why is business an activity that only human beings do?
Business is the human commercial activity of trading /sale/exchange of goods and services to gain profit and fulfill the demand of the consumers for satisfaction of the value of the goods and services.It is only humans who undertake this activity and not any other living things.
Why do we need turkey farms?
Turkey farming is a large source of income for many people. It is a growing and valued business, that provides not only jobs, but provides for a secondary business such as hatcheries. Turkey farming also provides a source of food, which is readily purchased from the stores every year.
Which detail in The Story of an Hour provides an example of irony?
The detail in which Louise Mallard's husband is believed to have died in a train accident, only for him to actually be alive and well, provides an example of irony in "The Story of an Hour."
Of what importance is an accountant to the entrepreneur?
An accountant not only provides the financial data and statements for the business but also interprets the information for the entrepreneur.
What business practices were pioneered by merchants in Muslim lands?
The Muslim merchants experimented with trade and manufactured goods that only had high values.
What is a domestic business and give the example of some domestic business organasations?
Domestic business is a business that was founded in the country and stays in the country like for example Texas has HEB which is domestic because its only in Texas but Mcdonalds would be international because its everywhere
How can you find a good business plan for an online florist?
Bplans.com provides a host of business plans for businesses, including florists. They include every aspect of the business plan you will need to get started. You only have to do the research for your market.
What is an example of a developing county?
An example of a developing county is Loving County, Texas. Population of 67 and only one business.
What is regional business?
A regional business is one that only does business in a certain region. An example of a regional business would be L.L. Bean which operates most of their stores in the New Elngland region.
A monocot seed that provides food?
Monocots are seeds that have only one cotyledon. A common example would be corn.
