SCOPE AND ACTIVITIES OF BUSINESS.
Business activities can be carried out in the following ways:
![](https://steemitimages.com/640x0/https://img.whaleshares.io/wls-img/bat-junior/8227fc7bdca3f9f805a389ca29ec7c01644e79c3.png)
- Creation of goods and services; for example, innovating new product or services.
- Extraction of goods; that is, extracting natural resources such as gold iron ore, stones, and animal from their natural locations.
- Manufacturing of goods converting raw materials or semi-finished goods into finished consumable or usable goods.
- Distribution of goods and services-moving raw materials sem- finished or finished goods from the producer's or their natural locations to where they are needed for further processing or consumption
- Provision of services such as transportation, insurance, banking, and advertising that can enhance business activities.
- Provision of services to meet the social and personal needs of consumers, for example, hairdressing, dry cleaning, medical services, schools, entertainments, housing.
OBJECTIVES OF BUSINESS
![](https://steemitimages.com/640x0/https://img.whaleshares.io/wls-img/bat-junior/11f01bdacfba8ad0b0c4114e75de656ceb5bafca.png)
Businesses are established and managed for the achievement of some objectives. Some of the objectives that businesses pursue at different times include the following:
- Profit
- Sales maximization
- Growth
- Cost minimization
- Customers satisfaction
- Employees satisfaction
- Good corporate image
- Creativity
In my next post, I will furthermore explain each Objective stated above. Thanks for your time.
![](https://steemitimages.com/640x0/https://img.whaleshares.io/wls-img/bat-junior/0128edf089b28e96e77ec1a8d86e05de1a7f7754.png)
Images;
1
2
3
Your opinion is close to me. Generally, when it comes to starting a business on a budget, low-cost franchises can offer a fantastic opportunity to enter the world of entrepreneurship without breaking the bank. When deciding to get into business ownership, the early days can be somewhat scary. Many new entrepreneurs look for cheap franchises to buy. Although they sound like a poor investment, with hard work, low cost franchises have the potential to yield fantastic results. Investing in a low-cost franchise can be a smart way to dip your toes into the entrepreneurial waters while minimizing financial risk. With the right support and guidance from the franchisor, you can build a thriving business and achieve your goals of financial independence.
The scope and activities of business encompass a wide array of functions crucial for its success. From strategic planning to daily operations, businesses navigate through production, marketing, finance, and human resources. In today's competitive landscape, efficient management of resources is paramount. Utilizing technology is essential, such as employing the best label printer for small business to streamline packaging and shipping processes. Embracing innovation and adapting to market dynamics are fundamental for businesses to thrive and meet the ever-changing demands of consumers.
The scope and activities of a business encompass the range of operations, functions, and pursuits undertaken by an organization to achieve its goals and objectives. have a peek at this web-site
his comment is here
The scope and activities of business today are vast and diverse, encompassing everything from small local ventures to global enterprises. One crucial aspect is navigating online marketplaces, which offer incredible opportunities but also come with challenges. For instance, scams on Facebook Marketplace have become a significant concern for both buyers and sellers. Businesses must remain vigilant to protect their reputation and customers by implementing secure transaction methods and educating their teams about potential risks. Addressing such challenges is vital for maintaining trust and fostering long-term success in the digital marketplace.