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Business studies can be defined as the study of economics & management.
The business studies is about the way of organizing, planning & acting, in order to create as well as develop services & goods for meeting the requirements of the customers, by the individuals & groups of people. Cultural, environmental, ethical, political & economic conditions of the day influence & have impacts on the business.
Business Studies enable the people for making more informed decisions business of living running every day. It provides us a better understanding of the world around the work. It also helps to encourage for about the way in which people start up in business. There are several types of business studies. The most common types of business studies are accounting, economics, advertising, management, finance & marketing.
It helps to develop the important soft skills as well as transferable which are demanded by the employers. Through business studies, oral communication & effective and persuasive written skills; initiative, self-reliance & ability for managing time, projects and resources; numeracy as well as the ability for the research, interpretation and use of the business & financial data & information; analytical & critical thinking skills; logical decision-making skills; and understanding capability of the behaviour & structure of the organization are improved. Since these attributes develop commercial awareness as well as allow the new employees to initiate contributing to the organization rapidly, therefore these are much required by the employers.
Business studies is a major subject in social sciences which deals with some of the major concepts such as accountancy, finance, marketing, organization etc. Business studies describe how an individual or people plan, organize and act to make goods and services to satisfy customers with various strategies. Factors which affect a business are listed below:
Business studies is a collection of business theoretical approaches, relevant contexts and business theory. It provides natural links to the social sciences learning area. Technology also plays an important role in modern business strategies. Sustainability, enterprise, citizenship and globalization are some of the issues central to both business and the study of business. It helps in making informed decisions for everyday business of living. Business studies define the working of a business. It sets a business and plans to achieve the respective goals for that business. It describes ways to use staff and resources in a right manner for the growth of the businesses. It also helps in production and marketing as well as manages the accounts and finance department of an organization.
The main topics which are included in the business studies include aims & organization, marketing, finance, people in business, production and business environment.
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Some of the Business studies homework help topics include:
- Nature of business,Business management, Business planning,Marketing,Finance, Human resources, the nature, role and structure of business,internal and external influences on business,
- the functions and processes of business activity,management strategies and their effectiveness. Students address the skills objectives by investigating the following issues:competitive strategy,coordinating key business functions and resources
Generally topics like globalization,role of government,corporate social responsibility, global expansion of one Australian business , expansion into Australia of one global business,explain how changes in external influences have contributed to the growth of the tertiary, Quaternary and quinary industries in Australia,identify problems that arise for stakeholders when companies go into liquidation investigate aspects of business using hypothetical situations and actual business case studies to: are considered very complex & an expert help is required in order to solve the assignments based on topics like distinguish between the different types of businesses,identify actual businesses at different stages in the business life cycle,outline possible business strategies appropriate for different stages in the business life cycle,role of business,the nature of a business – producing goods and services – profit, employment, incomes, choice, innovation, entrepreneurship and risk, wealth and quality of life types of businesses .
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Help for complex topics like:
classification of business – size – small to medium enterprises (SMEs), large – local, national, global – industry – primary, secondary, tertiary, quaternary, quinary – legal structure – sole trader, partnership, private company, public company, government enterprise,factors influencing choice of legal structure – size, ownership, finance influences in the business environment
external influences – economic, financial, geographic, social, legal, political, institutional, technological, competitive situation, markets internal influences – products, location, resources, management and business culture ,stakeholders business growth and decline,stages of the business life cycle – establishment – growth – maturity – post-maturity ,responding to challenges at each stage of the business life cycle
skills of management – interpersonal, communication, strategic thinking, vision, problem-solving, decision-making, flexibility, adaptability to change, reconciling the conflicting interests of stakeholders,achieving business goals,profits, market share, growth, share price, social, environmental,achieving a mix of the above goals,staff involvement – innovation, motivation, mentoring, training
E-marketing , global marketing – global branding – standardisation – customisation – global pricing – competitive positioning,objectives of financial management – profitability, growth, efficiency, liquidity, solvency – short-term and long-term • interdependence with other key business functions
Global financial management – exchange rates – interest rates – methods of international payment – payment in advance, letter of credit, clean payment, bill of exchange – hedging – derivatives
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Topics like role of human resource management ,strategic role of human resources ,interdependence with other key business functions , outsourcing – human resource functions – using contractors – domestic, global key influences • stakeholders – employers, employees, employer associations, unions, government organisations, society , legal – the current legal framework – the employment contract – common law (rights and obligations of employers and employees), minimum employment standards, minimum wage rates, awards, enterprise agreements, other employment contracts – occupational health and safety and workers compensation – anti discrimination and equal employment opportunity , economic , technological , social – changing work patterns, living standards
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