Junior_Instructor

Junior Instructor Business Sudies What is Business Studies' Business studies is the study of how businesses are set up, financed, organised and controlled, how people are employed, managed and paid, how goods are developed, produced and sold, how goods and services are priced and how the local, national and international government help or hinder businesses.^ñ1 In studying the setting up of a business there are many aspects that need to be considered. Such as the type of business ownership^ñs which are suitable for the entrepreneur, where the capital will be coming from, what goods or services could be considered to sell and where the business should be located. The extensive amount of research, which is carried out before the business operates, is also studied. There are many sources of finance open to the entrepreneur, which also need to be studied in depth. The business owner has to set the right price for its goods or services ^… a price which is of convenience to the consumer and which is affordable for the owner. This is possible by using break-even analysis, and again market research. Owners of businesses need to constantly consider the financial situation of the firm this may include constructing various balance business, studies, businesses, studied, research, product, market, important, goods, different, various, types, services, sections, price, need, methods, labour, depth, before, trade, studying, set, right, production, part, owner, out, marketing, made, life, involves, influences, help, harm