Whatisbusiness.ppt

What is business? Definition An?organization?or?economic system?where?goods and services?are exchanged for one another or for?money. Every business requires some?form?of?investment?and enough?customers?to whom its?output?can be sold on a?consistent?basis in?order?to make a?profit. Businesses can be privately owned, not-for-profit (e.g. NGO) or state-owned(SOEs). An example of a corporate business is?PepsiCo, while a mom-and-pop catering business is a?private enterprise. Read more:? /definition/business.html#ixzz3EZ3v79x8 Business is the human activity related to material things. It is necessary for civilization. It is found in all societies, even the simplest ones. Business may include the production of goods: Making airplanes, building buildings, and constructing paper boxes are examples of production. It can also provide the financing for these activities. Lending money, trading stocks and bonds, and selling insurance policies relate to the securing of capital for business activities. Other forms of business include merchandising , which is the selling of products, and providing various services, such as accounting, distributing , and repairs. Business, then, is the activityof producing and distributing goods and services. What is Business Business English ESP It is merely English as it is used in the workplace. It is not a separate language. To study business English is to study English, but with an emphasis on business vocabulary, how to write business letters, etc. Business English Business English is English language especially related to international trade. It is a part of English for Specific Purposes and can be considered a specialism within English language learning and teaching. Much of the English communication that takes place within business circles all over the world occurs between non-native speakers. In cases such as these, the object of the exercise is efficient and effective communication. The strict rules o