Discus the four major functions performed by business enterprises.
Discus the four major functions performed by business enterprises.
Four major functions performed by business Entrprises are:
(a) Production of goods and services - A business enterprise produces and provides the final goods and services by converting input into output to satisfy human wants.
(b) Marketing - It includes wide gamut of activities including market research, buying selling distribution of goods and services and promotion of the goods to maximise profits through consumer satisfaction.
(c) Selling - Is the activity of exchanging title of the ownership of a commodity for some consideration in the form of price.
(d) Distribution of goods - A business enterprise, has to make proper arrangements for the physical distribution of produced goods at the right place at the right time to the right persons.
Four major functions performed by business Entrprises are:
(a) Production of goods and services - A business enterprise produces and provides the final goods and services by converting input into output to satisfy human wants.
(b) Marketing - It includes wide gamut of activities including market research, buying selling distribution of goods and services and promotion of the goods to maximise profits through consumer satisfaction.
(c) Selling - Is the activity of exchanging title of the ownership of a commodity for some consideration in the form of price.
(d) Distribution of goods - A business enterprise, has to make proper arrangements for the physical distribution of produced goods at the right place at the right time to the right persons.
