sonikarki

  Chapter -ONE-INTRODUCTION TO BUSINESS Meaning of Business: Business is a continuous economic activity where people produce, buy, or sell goods and services to earn profit. It includes all the efforts involved in making products, marketing them, and delivering them to customers. Business is done regularly with the intention of earning income. It involves risk, needs proper planning, and must follow rules and laws. The main goal is to satisfy customer needs and gain profit in return.   Definition of Business: “Business is an economic activity concerned with the production and exchange of goods and services with the motive of earning profit in a legal and continuous manner.”   Characteristics of Business Business is an economic activity that involves the production, distribution, and exchange of goods and services. It includes both industry (which produces goods) and commerce (which distributes goods). The following are the key characteristics of bu...

Strategic Advantage Profile (SAP) is a tool used in strategic management to identify and assess the strengths and weaknesses of an organization in comparison to its competitors. It provides a snapshot of the company’s key strategic areas that give it a competitive edge in the market.  Strategic Advantage Profile – Simara College Internal Factors Weightage Rating (1-5) Weighted Rating Comment Academic Reputation 0.1 4 0.4 Strong reputation at the local level Experienced Faculty 0.1 5 0.5 Over 9 years of teaching experience Human Resources 0.1 4 0.4 Dedicated and stable faculty Community Relations 0.05 4 0.2 Trusted by local students and families Collaborative Potential 0.05 3 ...