Among the various contemporary academic programs of today, one of the most demanded subjects is business studies. As most of them want to be an entrepreneur and that is why to know everything about the business they opt for business degree programs for their academics. During the time period of this degree, many business assignments are assigned to them. Students face a lot of difficulties in putting together assignments. That is where we step in.
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Business is the process of making a profit by producing, purchasing, and selling goods and services. Business is divided into four categories – sole proprietorship, partnership, cooperative, and corporation. Business can also be done for a social cause in which profit is not the main motive. The main motive is to fulfil a charitable mission. Non-profit organizations work for this.
Business management provides you knowledge and training of four things that are very important for a business organization
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Business management is very broad but can be summarized into six basic departments –
Accounting and Finance – the way of summing up, recording, and outlining the business deals to decide the monetary situation of a business is called Financial Accounting. Financial Statements are prepared after achieving the Financial Accounting. Cash flow, Balance Sheet, Income sheet is included in financial statements. By looking at the financial statements of a firm, the financial position of the firm can be determined. Each firm needs an accountant as an accountant plays an important role in a company like bookkeeping, auditing, etc. Therefore there are thousands of opportunities in business organizations for students.
Marketing Management – Marketing Management deals with executing, analyzing, and planning on the strategies that how to increase sales of goods and services of the company. This includes all the exercises and arrangements which are required to distribute the goods and services.
Operation and Research Management – this field concern is planning, organizing, and supervising the resources or elements which are used for the manufacturing of goods. The operation and research manager have to supervise that the resources that are used to make a final output are being used efficiently or not. As optimum utilization of resources is very important to achieve more profits. All the managers have to work in their areas to achieve organizational goals and the main objective of the firm is always achieving more and more profit.
Human Resource Management – a human resource manager plays an important task in a firm because he recruits and trains the employees of the firm who are the base of the firm. So managing the employees and associates of the firm in a way that company can achieve its goals, this process is known as human resource management.
Supply Chain Management – there is a chain in which first are suppliers then manufacturer then wholesaler then retailer then finally the consumer. Information, materials, and finances are transferred in this chain. The study of such transfers is the study of supply chain management.
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