Business Administration Assignment - (Doc)
10 Pages2778 Words163 Views
Added on 2020-10-22
Business Administration Assignment - (Doc)
Added on 2020-10-22
ShareRelated Documents
Business Administration 51
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................31.1 The characteristics of different business markets.................................................................31.2 The nature of interactions between businesses within market..............................................41.3 Explaining the way business goals might be shaped by market...........................................41.4 Legal obligation of business..................................................................................................42.1 Business Innovation..............................................................................................................42.2 Uses of model of business innovation...................................................................................52.3 Identifying sources of support and guidance of business innovation...................................52.4 The procedure of product and service development.............................................................52.5 The benefits, risk and implications related with innovation ................................................53.1 The significance of financial viability of an organization....................................................63.2 Consequences of poor financial management.......................................................................63.3 different financial terminology.............................................................................................64.1 Uses of budget.......................................................................................................................74.2 Explaining the way to manage budget..................................................................................75.1 Principles of marketing.........................................................................................................75.2 Sales procedure.....................................................................................................................85.3 Features and uses of market research....................................................................................85.4 The value of a brand to an organization................................................................................85.5 The relationship between sales and marketing......................................................................8CONCLUSION ............................................................................................................................8REFERENCES...........................................................................................................................102
INTRODUCTIONBusiness administration can be defined as the procedure which involves management ofbusiness operations as well as decision making. This process also includes management of peopleand resources. Purpose of business administration is to ensure that all the activities are directedtowards achievement of common goals and objectives. An effective business administration isvery much crucial in order to drive firm towards success.The purpose of report is to identify different characteristics of market. It also emphasizeson analyzing the way business goals might be shaped by market in which an organization operates.MAIN BODY1.1 The characteristics of different business marketsBusiness markers includes all those business entities which purchases products or serviceswith the intension to utilise in manufacturing of other goods for offering to customers. Forinstance, retailers and wholesalers are referred to be as business markets, as they are engaged inselling of products and services.In business market, organisations tend to buy more and there are more participants,and the process also tends to be relatively professional. The main characteristics of businessmarket is that there are less number but large buyer.B2B market: In such type of market one company sell goods or services to otherorganization. For example, accountant deliver services to other organizations.Consumer market: in this market, companies sell products or services directly to customersin the market. Lot of daily transactions takes place on daily basis. For instance, cafes and supermarkets.Service market: In this type of market, organisations sells its services directly to customersin the market. For instances, Hairdressers and IT maintenance.Industrial market: In these markets the products or services offered by one industry toother. For instance, oils3
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Business Administration in Marks and Spencer - Assignmentlg...
|11
|3166
|79
Assignment on Business Organisationlg...
|10
|3080
|27
Business Administration Contents Introduction 1 TASK 1 1.1 Characteristics of different business markets 1 1.2 Nature of interactions between businesses 1 1.3 Organisations and goals shaperslg...
|9
|2178
|119
Assignment on Principles of Business Samplelg...
|11
|2749
|55
PRINCIPLE OF BUSINESS INTRODUCTIONlg...
|11
|2930
|190
(solved) Assignment on Business Administrationlg...
|11
|3803
|371