Introduction to Business notes

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
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