Professional Documents
Culture Documents
BUSINESS ORGANIZATION
OBJECTIVES
At the end of the lesson, the students should be able to:
1. Define and describe business and business organization;
2. Identify and describe the various forms of business
organization: sole proprietorship, partnerships, and
corporations;
3. Compare and contrast the various forms of business
organization; and
4. Illustrate the role of each form of business organization in
the country.
BUSINESS AND BUSINESS
ORGANIZATIONS
Business – is an activity that is part and parcel of human
society: it is an entity in which economic resources and
inputs, such as materials and labors, are put together and
processed to provide goods or services or outputs to
customers.
MAJOR ACTIVITIES OF BUSINESS:
• Purchasing
• Manufacturing
• Marketing
• Advertising
• Selling
• Accounting
• Objective of most businesses is to earn a profit.