Introduction to Business notes

Lesson One: Introduction to business concepts

• Definition of business and related terms
• Historical Development of Business
• Business Objectives

Lesson Two: Business ownership:

• Sole proprietorship
• Partnership
• Incorporated companies
  • The legal person
  • Legal limitations
  • Mode of operations
• Co-operatives

Lesson Three: Business Environment

• Internal Environment
• External/Macro-Environment
• The Role of Government in Business

Lesson Four: Types of business firms

• Domestic
• Foreign multinational
• National and global context of business
• Complex business organizations
  • Mergers
  • Joint ventures
  • Franchise holders

Lesson Five: Business Management

• Management Levels
• Management functions:
  • Planning
  • Organizing
  • Staffing
  • Directing
  • Controlling

Lesson Six: Production, marketing and other functions of a business;

• Process of producing goods and services
• Pricing products