Management & Leadership

The Meaning and Need for Business Introduction: The concept of business began with the payoff of barter economy. The barter economy was marked by the swop of goods and services for other commodities. The transition from barter economy to moderne business management is a long process. It has undergone various stages of development. wandering(a) Stage: During this stage groups of people moved from one business office to another for food and other essential commodities. There was no exchange, no market and no money. Barter Economy: commonwealth began to lead a settled way of life. During this stage they interchange goods and services for other commodities. Money was not the medium of exchange. farming(prenominal) Economy: The lives of people were centered on agriculture. They produced large metre of food grains. They expanded the exchange activity. Market was created and money was utilise as the medium of exchange. Industrialization: Towns were developed, workers connexion in the form of guilds were formed to protect their business interests. The cunning of machineries and bare-ass means of transportation accelerated the growth of business. field and International Economy: With the discovery of new trade routes and new continents the business activities were expanded.

After the industrial revolution in the eighteenth century, industrial and commercial operations increased. This period was marked by emergence of factory system, mass production, power driven machinery and involution of marketing activities. With globalization facilitated the faster growth of business activities across the globe. The latest trends in business include telemarketing, online marketing, e-marketing and e-commerce. What is Business ?Business is be as the regular production or purchase and trade of goods, undertaken with the motive of making profit and acquiring wealth through the satisfaction of human losss. ?According to Boone, Louis E and David L. Kurtz Business comprises... If you want to get a full essay, order it on our website: Ordercustompaper.com

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