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Unit Ll. Learning Unit 1 I. Main Topic: Business and Its Nature
Unit Ll. Learning Unit 1 I. Main Topic: Business and Its Nature
Unit Ll. Learning Unit 1 I. Main Topic: Business and Its Nature
Unit ll. Learning Unit 1 I. Main Topic: Business and Its Nature
ACTIVITY:
ANSWERS:
1. Deals in Goods and Services
2. Creates Utility
3. Risk
4. Capital Requirement
5. Economic Activity
6. Social Obligations
7. Profit Earning Motive
8. Involves Buyer and Seller
9. Regular Process
10. Creates Utility
B. Complete the table below. 5 points
1. Management Consulting
2. Hospitality Industry
SERVICE BUSINESS 3. Financial Services
4. Car Wash
5. Foodservice
1. Dealerships
2. Supermarkets
MERCHANDISING BUSINESS 3. Clothing Stores
4. Window Displays
5. Signage
1. Pharmaceutical Industry
2. Electronics
MANUFACTURING BUSINESS 3. Manufacturer of Commercial
Jetliner
4. Textile
5. Ford Motor Company
1. Microsoft
2. Target
HYBRID BUSINESS 3. Amazon
4. Citigroup
5. Lockheed Martin
Assignment
In a minimum of 5 sentences. Share your points about the impact of business to the
society. This is worth 20 points.
All the businesses whether small or big can make positive impact on the
society. Businesses create job growth and provide with job opportunities—an overall
positive in terms of a healthy and happy society. Businesses also serve as
representatives of their community as they reflect the communities from which they
come. Another thing, businesses likely to contribute to charities, especially local
ones, as business owners tend to also sponsor, organize, and host local events to
maintain a lively society. To be on top of the heap among competitors, businesses
have to be innovative and unique. By this manner, not only does this encourage
more innovation and growth within the society, but it also creates a more diverse
marketplace.