Why Business Major Essay

Why Business Major Essay. I chose to major in business management for several very distinct reasons that will appear in this paper. All of my reason shared a goal and that is to graduate with.

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What is a Business? A business is a kind of business that has been established to support a particular customer. The main goal of any business is profit but there are a variety of objectives that can be accomplished through the operation. The ultimate aim of a business is to satisfy a customer's demands and desires. According to Peter Drucker argues, this is the only true way to define business. Without customers, a business is not able to survive. Internal functions encompass the operations being carried out within an organization. Internal functions are activities undertaken within the organization in order to attain a particular set of objectives. These functions may comprise policies and procedures. To be effective guidelines and policies should be carefully designed, implemented and communicated throughout the business. The highest management in an organization must convey to employees that the responsibility to control mistakes and risks is a very serious matter, and that internal control must be at the top of the list. Additionally, employees must be aware of their role in internal control and have the ability of communicating significant information upwards. Sales and marketing activities are examples of internal roles. Sales managers are responsible for ensuring that their goods and services reach their consumers promptly. They should also make sure that they reach all areas where they are focused. Alongside these key duties, internal activities include functional support that allows the internal and outside business functions to run efficiently. Managers of these functions provide details to management so that it can take strategic decision. Internal controls reduce the risk of errors ensure information security, reduce the risk of errors and eliminate fraud. Without internal controls, financial report is unreliable and operational efficiency is affected. Furthermore, they can impact the image of the business. Therefore, it's essential to develop internal controls to assure the integrity of firm's financial records and also to avoid theft and fraud. Profit is the measurement of success of a business Profit can be measured in both absolute and relative terms. In terms of absolutes, profit is the amount earned over a set period of time. In terms of proportion, profit refers to the volume of profits earned in a proportion of revenues. Profit is an important indicator for business, as it creates an incentive to make investments and take risks. Profitability is the key goal for any company. Without it, a business will fail. Profitability can be determined by two things in the form of expenses and income. Profit is earned from the sale of an item or service. It does not include the cost of getting capital. It is the cost of managing the business. Profit refers to the financial gain an enterprise earns after deducting expenses. The greater the profit margin and the higher the profit margin, the better the company's overall financial health. Another important measure is the quality of the customer's satisfaction. A high degree of customer satisfaction will help a business enhance its services and products. Surveys, emails, and customer surveys are typical methods of gathering this information. Profit does not define success. It is a different concept to various businesses. For example, a popular shop may be successful when they break even, or when it makes more than PS2,000 in profit per week. Making even is a milestone for a business in its first year, however, it's far from an indicator for great success. The fluctuations in the market make business an extremely risky business There are four main phases in the business cycle. Each phase is different in time and can impact the economy, such as jobs, inflation rates and consumer spending. These cycles are watched by central banks and are one of the primary factors that affect their monetary policies as well as short-term interest rates. They are characterized by a contraction, peak and trough. Recognizing the phases in the business trade cycle will help investors to understand the economic climate. The initial part of the cycle is the expansion phase. The second phase is the contraction phase. In the contraction stage, the economy hits its maximum growth rate and it ceases to grow. This causes unemployment rates to riseand earnings to fall. The economy can also be in a bear market, as investors sell their stock. The contraction stage is provoked by an abrupt rise in interest rates or a financial crisis or the escalating inflation. Small businesses against. mid-sized businesses There are a variety of ways to categorize businesses. One of them is the amount of employees. Small-sized businesses are typically defined as having less then 50 staff. Mid-sized companies have between 50 to 1 billion in revenue. Large companies usually have above 1.25 billion in revenue. Although large corporations are dominating certain industries, most of jobs and products are done by small and mid-sized companies. The contrast between mid-sized as well as small companies is vital since each business type employs a distinct number of people. While small companies generally employ less than 100 individuals, mid-sized businesses can employ thousands of people. Smaller and mid-sized business may benefit from different organizational methods and structures for the company. In addition to these variances Apart from these differences, the size of an business can affect the type the work environment they provide. A smaller-sized business could have more flexibility, for example improving its communication and decision-making processes. Smaller businesses might be able to make changes faster than a larger company. A small-sized company may offer flexible working hours or work from home work options and other bonuses. One advantage of working with small businesses is the fact that they can be more imaginative and focused in their approach to sales. In addition, small-sized businesses tend to more often experiment and test ideas to ensure they're efficient. They also can make decisions efficiently and with less effort as compared to large companies. Furthermore, small enterprises will often refer smaller businesses to their solution if they are pleased with their solution. Subchapter S corporations Subchapter S corporations are closely linked to the various types of corporate. Basic procedures for incorporation of corporations are exactly the same with the exception that the primary difference is the type of ownership. It is common for individuals to own shares in S organizations. There are restrictions on who can become an investor. If you are considering of starting a business it is best to consult professionals. Tax and legal professionals are able to provide expert guidance. You can also join this program. CorpNet Partner Program, a organization that offers business legal and formation services as well as compliance and tax services. By referring customers to CorpNet, you could earn additional revenue. If you are an S business, you'll save taxes. Subchapter S corporations are not taxed at the corporate scale, meaning that the profits you earn are not taxed twice. In addition, S corporations don't have to pay taxes on payroll or Social Security or Medicare taxes. As a result, they're considerably more tax-efficient than other forms of business entities. However, this system has certain limitations, such as the fact that shareholders must pay income tax on the amount they receive. Moreover, it can cause some pressure on the company's ability to distribute cash often which could negatively impact capital formation. This means it might not be the best option for companies that require huge investments.

Why i want to study business essay passion for barbecue. For numerous reasons, i majored in business, some common and others personal. These abilities will assist me with succeeding in testing assignments after graduation.

Decide If You Want To Include A Specific Thesis That Explicitly States Your.

Employers know that business graduates have the skills and knowledge they need to be successful in the workplace. Finally, a “why this major?” essay should reveal how the college in question will help you achieve your goals. As such, many students decide to further their education with a degree in business.

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Because‚ i believe that i can effect positive change in my country‚ and in the world through business‚. Studying business is an incredible method for acquiring important working experience across numerous ventures. These abilities will assist me with succeeding in testing assignments after graduation.

This Sample Essay On Why Do You Want To Study Business Essay Reveals Arguments And Important Aspects Of This Topic.

Businesses make up a significant portion of a country’s economy. Why i chose my major. My father owns his own business, and i admire how it gives him the freedom to.

Studying Business Is A Great Way To Gain Valuable Working Experience Across Many Industries.

Because, i believe that i can effect positive change in my country, and in the world through business, since, business principles can serve as the backbone for economic, political. Why i want to study business essay passion for barbecue. I chose to major in business management for several very distinct reasons that will appear in this paper.

It Is Important To Ensure That Having An Efficient Business Foundation Enables My Skill And Knowledge To Become Successful Business Entrepreneurs In The Future.

This is why i chose to study business administration concentrating on management. In conclusion to why i chose business major is to move well beyond at my present. Why i want to study business essay:

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