Oc Business

What is Business ?

Business concept, almost everything is a business. Conceptually business; It is the planned and systematic use of production factors to meet the needs of people and to provide profit to the owner. Another In other words, the business provides the goods and services desired by the customers. It is an organization that provides profit and aims to make a profit.

 General Objectives of The Business

1. a) To provide profit in the long run,
2. b) To serve the society,
3. c) To make the life of the business permanent.
4. d) To provide consumers with better and higher quality goods or services continuously.
5. e) Paying good wages to the personnel working in the enterprise
6. f) To serve the society or the state
7. g) To provide permanent employment in the enterprise.

Functions of the Business;

The functions performed by businesses vary. Some functions apply to all systems. Henry Foyal, considered the founder of management theory, his work in a business was divided into 6 groups;

1. Production,
2. Commercial studies,
3. Financial studies,
4. Security studies,
5. Accounting studies (income and expense statement, costs),
6. Management studies (planning, organization).

Classification of Businesses:

There are many businesses of different types, qualities and sizes in every economic system. in the economy differ according to their functions and their orientation towards certain purposes.It is possible to classify businesses in different ways.

Businesses by Type of Consumers;

1. a) Enterprises Producing Production Goods
2. b) Enterprises Producing Consumer Goods

Businesses by Type of Goods and Services They Produce;

1. a) Businesses Producing Durable Goods
2. b) Enterprises Producing Non-Durable Goods

Businesses by Superiority of Production Items;

1. a) Labor Intensive Enterprises,
2. b) Capital Intensive Enterprises,
3. c) Material Intensive Businesses

Businesses in Terms of Ownership of Production Tools;

1. a) Private Enterprises,
2. b) Public Enterprises,
3. c) Mixed Enterprises,
4. d) Foreign Capital Enterprises

 Businesses by Size;

1. a) Large-scale Business
2. b) Medium-Sized Business
3. c) Small Businesses