Measurement of Business Size Different Methods of Measuring the Size of the Business Problems of measuring the size of the business: There are several different ways of measuring and comparing business size and they often give different comparative results A firm might appear large by one measure but quite small by another There is no …
Author Archives: Meily Villaverde
1.2 Business Structure
Economic Sectors Primary, Secondary and Tertiary Sector Businesses Firms produce a vast rage of different goods and services, but it is possible to classify these into three broad types of business activity Primary Sector Business Activity: Firms engaged in industries that extract natural resources so that they can be used and processed by other firms …
1.1 Enterprise
The Nature of Business Activity Purpose of Business Activity: Business: any organisation that uses resources to meet the needs of customers by providing a product or service that they demand Business activity: involves creating and adding value to resources (such as raw materials and semi-finished goods) and making them more desirable – and thus valued …
ale / thio / logy 