These are just a few examples of common business documents used in various aspects of business operations, communication, and planning. Each document serves a specific purpose and plays a crucial
In auditing, various terms are used to describe processes, standards, and concepts related to examining and evaluating financial information. Here are some common terms used in auditing:These terms provide a
Marketing refers to the activities and processes that companies use to promote, advertise, and sell their products or services. It involves understanding customer needs and preferences, creating and communicating value,
Logistics refers to the process of planning, implementing, and controlling the efficient flow and storage of goods, services, and related information from the point of origin to the point of
Procurement is the process of finding, acquiring, and buying goods, services, or works from an external source, often through a competitive bidding or tendering process. This process is an essential
Supply Chain Management (SCM) is the management of the flow of goods, services, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer. It
Tax is a financial charge or levy imposed by a government on individuals, businesses, or other entities to fund public services and government activities. Taxes are a primary source of
Find below some of the common terms in business studies and their definitions:These are fundamental terms in the field of business studies, and understanding them is important for students, entrepreneurs,
Here are some discussion questions related to business studies suitable for secondary education:These discussion questions can serve as a starting point for engaging classroom conversations and encouraging students to think
A business plan and a business proposal are distinct documents with different purposes and contents. Here are the key differences between them:Business Plan:Business Proposal:In summary, a business plan is a
A business plan is a written document that outlines a company's goals and how it plans to achieve them. It serves as a roadmap for the business, providing a clear
Business studies are essential for several reasons, and they play a vital role in education and the world of work. Here are some of the key reasons why business studies
Enterprise is one of the four factors of production. Which of the following is a definition of enterprise?
“If there is one lesson I've learned from failure and success, it's this. I am not the outcome. I am never the result. I am only the effort.”
“Believe in yourself. You are braver than you think, more talented than you know, and capable of more than you imagine.” ― Roy T. Bennett, The Light in the Heart
“Don't be pushed around by the fears in your mind. Be led by the dreams in your heart.” ― Roy T. Bennett, The Light in the Heart
“When everything seems to be going against you, remember that the airplane takes off against the winds, not with it.” – Henry Ford
“An entrepreneur isn’t someone who owns a business. It’s someone who makes things happen.” – Tim Ferris
“To escape fear, you have to go through it, not around.” ― Richie Norton, Résumés Are Dead and What to Do About It
1a) List six advantages of personal selling as a form of sales promotion. (06marks) b) Describe the steps that should be followed by an entrepreneur for effective personal selling. (14marks)