Grouping of Business Activities
Businesses are of various types, and, as a result, businesses can be grouped in different ways.
Manufacture
is a business that manufactures products that are derived from compound or raw banhan, then sold for profit. For Example: Manufacturing is a company that produces physical goods such as cars.
Business services
is a business that produces intangible goods, and profit by charging for the services they provide.
Retailers and distributors
is a party that acts as an intermediary between producers and consumers.
Mining and agriculture business
is a business that produces raw goods, such as plants or minerals.
Financial business
is a business that benefits from investment and capital management.
Business Information
is a business that benefits primarily from the resale of intellectual property.
The utility
is a business that runs public services, such as electricity and water, and is usually funded by the government.
Real estate business
is a business that makes a profit by selling, renting and developing property, houses and buildings.
Bus transportation
business profits by providing goods or individuals from other locations.
Business Characteristics
In the world of economy, business has the following characteristics:
Social and economic institutions or institutions or organizations
Associated with a variety of goods and services that meet human needs.
Looking for profit, profit or profit.
Determine the appropriate price
There will be a possibility of loss
There are three important things in business, namely: producing goods and services, looking for profit, and maximizing consumer needs.
Types of Activities of a Business
Business activities as an organization, can consist of:
Production: creation of goods and services.
Finance: activities to find the funds needed to carry out trade activities.
Marketing: Activities to inform goods and services, identify consumer desires.
Human resource management: activities to find workers and improve their abilities.
The Purpose Of A Business
The business goal, according to Sternberg, is to multiply the values of the company's owners through the sale of goods or services. The intended value here is of course economic value or profit, simply the purpose of a business activity is to multiply the profits for the owner of the company or business by selling goods and services. The assertion that multiplying profits is the only objective of business is identical by saying that it is essential that business cannot be separated from capitalism.
Economic motives are every reason, encouragement, and activity carried out by a person or entity to carry out an economic action. The word Motive comes from the word motive (English), that is reason or mobilizer. Every reason will encourage people to do an activity, act or action. Every activity, action or action of a person is driven by a desire / motive to achieve certain goals.
Economic Action
Economic Actions are all human endeavors to meet unlimited needs with good consideration based on priorities to achieve prosperity.
Needs are human desires that demand to be fulfilled such as eating, drinking, clothing, housing, education, and so on.
Humans who try or work to earn income, meaning he has done economic action, because humans can use it to meet their daily needs.
Humans try to fulfill their needs, starting from the most basic needs (food, clothing and shelter needs) to higher needs (security needs, respect, self-esteem, and self-actualization).