June 2023

Purpose of Business-What is Business Purpose-What is the Purpose of Business

Top 10 – Purpose of Business

Employees are not exposed to the hazards associated with launching and operating a business. These dangers are borne by the owners. Therefore, workers are compensated based on the perceived value they contribute to the company. However, the company’s objective is to provide value to consumers, not employment. Employees who take direct action are significantly more […]

Top 10 – Purpose of Business Read More »

Components of Business-What are Business Components-What are the Components of Business

Components of Business

Software developers use business components to refer to pieces of code that relate to the various divisions of a corporation, similar to domains. The enterprise beans (a form of server) that operate in the business tier manage the business logic of an enterprise-wide application. This logic addresses or fulfils the topic’s requirements. The customer data

Components of Business Read More »

Functions of Business-What are Business Functions-What are the Functions of Business

Functions of Business

A business function is also any collection of duties that a department performs in response to an event and that transforms information, materials, or business obligations and processes into outputs. This description includes all of an organisation’s responsibilities, not just those explicitly related to customer service. (e.g. order fulfillment, invoicing, cash management, manufactured batch, customer

Functions of Business Read More »