Foreign Educator Teaching System

Tag: business studies

  • Tertiary Sector

    Tertiary sector Tertiary sector is the service industry. This sector makes the lives of people much easier by providing services Examples: Banking Hair cutting Teaching

  • Secondary Sector

    Secondary sector Secondary sector converts the primary goods into manufactured goods The secondary sector of the economy manufactures finished goods. Examples: Construction Textile production Processing

  • 3 Sectors in Business activity

    3 sectors in Business activity Primary sector Secondary sector Tertiary sector  

  • Objectives of Public enterprise

    Objectives of public enterprise To create employment To operate even if no profit is generated To provide certain products or services such as: Electricity Transport

  • Objectives of Private enterprise

    Objectives of private enterprise To earn high profit To maximize the wealth of shareholders Growth To fulfill needs and wants of the people Examples: Multinational companies Big corporations

  • Objectives of Non-profit organisation

    Objectives of non-profit organization To provide services to members Not to distribute profit among members Providing employment Operating for the welfare of members Examples: Schools Hospitals

  • Needs,Wants,Scarcity

    Needs, wants and scarcity Need is a good or service essential for survival Want is a good or service not essential for survival Scarcity is when there are finite resources and infinite needs and wants

  • Value added concept

    Concept of adding value Value added is the difference between the sale price of a product and the cost of materials Adding value is to make a product or service more attractive for the consumer so that he/she is ready to pay a higher price. Examples: Decoration Packing Extra features

  • Purpose of Business activity

    Purpose of Business activity To make profit To grow To satisfy the needs and wants of people To provide employment To survive