Контрольная работа: Modern Means of Business Communication
1) Whatisbusiness
2) International business
3) Whatisabank
4) Companies
5) Product, Market and Market Relation
6) Finance
7) Accounting & Auditing
8) Modern Means of Business Communication
1) What is business
Business is a word which is commonly used in many different languages. But exactly what does it mean? The concepts and activities of business have increased in modern times. Traditionally, business simply meant exchange or trade for things people wanted or needed. Today it has a more technical definition. One definition of business is the production, distribution and sale of goods and services for a profit. To examine this definition, we will look at its various parts.
First, production is the creation of services or the changing of materials into products. One example is the conversion of iron ore into metal car parts. Next these products need to be moved from the factory to the marketplace. This is known as distribution, A car might be moved from a factory in Detroit to a car dealership in Miami.
Third is the sale of goods and services. Sale is the exchange of a product or service for money. A car is sold to someone in exchange for money. Goods are products which people either need or want, for example, cars can be classified as goods. Services, on the other hand, are activities which a person or group performs for another person or organization. For instance, an auto mechanic performs a service when he repairs a car. A doctor also performs a service by taking care of people when they are sick.
Business, then is a combination of all these activities: production, distribution and sale. However, there is one other part important factor. This factor is the creation of profit or economic surplus. A major goal in the functioning of an American business company is making a profit. Profit is the money that remains after all the expenses are paid. Creating an economic surplus or profit is, therefore, a primary goal of business activity.
2) International business
International business includes all business transactions that involve two or more countries. Such business relationships may be private or governmental.
There are three primary motivations for firms to pursue international business: to expand sales, to acquire resources, and to diversity sources of sales and supplies.
The concept of international business includes the balance of trade (the relationship between exports and imports) and balance of payments (the difference between inward and outward cash flows).
A company can engage in international business through various means, including exporting and/or importing of merchandise and services, direct and portfolio investments, and strategic alliances with other companies.
Merchandise exports are tangible goods sent out of a country; merchandise imports are tangible goods brought in. Since these goods visibly leave and enter they are sometimes referred to as visible exports and imports.
Service exports and imports are international earnings other than those derived from goods sent to another country. Receipt of these earnings is considered a service export, whereas payment is considered a service import. Services are also referred to as invisibles. International business comprises many different types of services: travel, tourism, and transportation; performance of activities abroad; use of assets from abroad.
Foreign investment is the ownership of property abroad. Direct investment is a subset of foreign investment that takes place when control follows the investment. When two or more organizations share in the ownership of a direct investment, the operation is known as a joint venture.
Portfolio investment can be either debt or equity but the factor that distinguishes portfolio from direct investment is that control does not follow this kind of investment.
3) What is a bank
A bank is a safe place to keep money. It's also much more than that. People save money in banks, banks have money to lend. Loans to people help them buy things. Loans to business help them buy, build and expand, and keep people working. These loans help the country's economy in making, distribution and use of our wealth.
Early banks were little more than moneychangers, exchanging coins and bullions from one form to another for a fee.
The way in which a bank is organized and operates is determined by its objectives. A bank may not necessarily be in business to make a profit.
There are different types of banks but their names may vary from one country to another.
Central banks such as the National Bank (Ukraine), the Bank of England (UK) or the Federal Reserve System (US) look after the governments finance and monetary policy and are responsible for issuing banknotes.
Commercial banks deal directly with the public. The aim of commercial banks is to earn profit.
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