Presented by: monel ysabelle dorIa

What
Is
Business?
 Business is one of the most important human activity.

Business is defined as:

An organization or enterprising entity engaged in

commercial, industrial, or professional activities
where goods and services are exchanged for one
another or for money.
The social functions of business
 Business is one of the most important human activity.

Business is defined as:

An organization or enterprising entity engaged in

commercial, industrial, or professional activities
where goods and services are exchanged for one
another or for money.
Employment Function

▷The creation of employment opportunity is the main

objective of business.
▷People can get employment opportunities based on
their academic qualification, skill, and experience.
▷Businesses create employment opportunities for the
members of the society so, they are helping to solve
the unemployment problems of the nation.
Distribution Function

▷Supply of goods through different channels from the

place of production to the hands of final consumption
is known as the distribution function.
▷ It involves various functions like buying, selling, storing,
risk bearing, etc.
▷ All the functions should be done to distribute the goods
In the right place at the right time.
Organizing Function

▷This function is concerned with management and

planning different activities.
▷It is the accumulation and coordination of required
resources such as men, material, money, machine, etc.
▷All of these resources are important to get results.
Production Function

▷The production function involves various activities like

the product, planning, procurement of raw materials,
▷ Storage of raw materials and proper layout of plant and
machinery, the delegation of authority, and
responsibility employees, quality control, etc.
▷Manufacturing concerns are also involved in the
production of goods.
Financing Function

▷Financing is the task of providing money for a business.

▷A business needs adequate capital to acquire different
factors of production.
▷It includes an estimate of required budget, finding out
the appropriate source of capital, allocating fixed and
working capital.
Marketing Function

▷This function is done to satisfy the consumers.

▷Marketing function includes distribution of goods and
determination of the reasonable price, advertising,
transportation, warehousing, insurance, and obtaining
market information.
Research and Development Function

▷Research and development are necessary for every

Business organization to make itself up to the date with
the changing environment of the market and society.
▷It facilitates to develop the new design, model, and size
of the product to satisfy the customers.