business admin

1. Business Administration

2. Introduction to Business Administration
Business functions
 Management ( making decisions ) HR
 Marketing ( customers to buy product or services )
 Sales
 Advertising
 Accounting ( revenue, expenses , assist,…. Profits )
 Finance ( how to manage money ) corporate finance
 Operations
 MIS ( Management Information system )

3. Business Environment
• Concept of business
 Consumer choice
 Opportunities
 Entrepreneurship
• External Environment
 Domestic business environment
 Global business environment
 Technology
 Political environment
 Legal environment
 Social – cultural
 Economic environment
• Economic system
 Land
 Capital ( Real and finance )
 Labor
 Physical resources
 Information resources
 Communism
 Planned economy
 Mixed Economy
 Capitalism
• Market System
 Supply
 Demand
• Privet enterprise
• Competition
 Perfect competition
 Monopolistic competition
 Oligopoly
 Monopoly
• Economic indicator
 Economic growth
 Standard of living
 Purchasing power
 GDP (growth domestic producing )