Business

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Labor in a business involves many aspects. All the above points and possibly more are studied in great depth in a business studies course. The recruitment of new employees ^? from the advertising of the post right through to the selection of the most appropriate candidate. The life of a product before production is studied as well as the life of a product when it is in the market and also when it leaves. Trade unions are also a part of labor in business ^? employees can sometimes cause potential harm to the business as well as being a valuable asset, the stages of what a trade union can do are also studied. It is also important to be aware of the various automation methods used in business to improve efficiency. Owners of businesses need to constantly consider the financial situation of the firm this may include constructing various balance sheets and a monthly/annually profit and loss account ^? construction of these are important in business. External influences such as the government can help or destroy businesses. Overall, business studies is not just about simply looking at how to run a business it is about finding out how businesses and other organisations actually operate and how the factors that influence modern businesses are dealt with. Charts and graphs are also constructed so that the state of the business can be analyzed in depth. Many firms use information technology in various ways such as ^? EPOS systems and banking, business studies involves briefly the studying of this. The main sections in an organization chart actually breaks up the sections in business ^? marketing, finance, production and labor. Market research is also very important to any firm the marketing mix breaks it down into individual sections which are important in business studies ^? product, place, price and promotion. The source of the good or service is a part of business studies, what raw materials are needed, how was it made and why was the product made ^? is there a market for it.

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Approximate Word count = 574
Approximate Pages = 2 (250 words per page double spaced)

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