3 Major Business Activities That Every Beginner Must Know

Every business engages in at least three major activities.

1. Production - The processes and methods used to transform tangible inputs such as raw materials, semi-finished goods, subassemblies and intangible inputs (ideas, information, knowledge) into goods or services. Resources are used in this process to create an output that is suitable for use or has exchange value. - BusinessDictionary.com

it involves making a product or providing a service. Manufacturing firms create products that customers purchase to satisfy needs, whereas service firms use the skills of employees to offer activities and assistance to satisfy customer needs. - Business Principles and Management 

Ito yung activity kung saan ginagawa ang mga produkto o nacoconvert yung ideas para maging kapakipakinabang na product o services.

2. Marketing - Marketing includes the activities between business and customers involved in buying and selling goods and services.

It includes advertising, selling and delivering products to people. People who work in marketing departments of companies try to get the attention of target audiences by using slogans, packaging design, celebrity endorsements and general media exposure. - Investopedia

Ito naman yung activity kung saan pinapagalaw na ang products o services para makita at makuha ng mga customers o mamimili.

3. Finance - deals with all of the money matters involved in running a business. Whether a business has one worker or thousands of workers, it is involved with production, marketing, and finance.

Finance describes the management, creation and study of money, banking, credit, investments, assets and liabilities that make up financial systems, as well as the study of those financial instruments.

Ito naman yung activity kung saan pumapasok ang pagaaral at tamang pag mamanage ng kaperahan ng iyong negosyo. So sa madaling salita, ang lahat ng bagay na involve ang pera when it comes to your business refers to Finance.

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