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Best Business Approach for Every Personality Type

Definition of the Business

Business approach is an activity of making money by selling buying products which is suitable for every personality type. Business can be small or large depending on the investments and turnover it makes. Business can be in sole proprietorships, corporations, or in partnerships.

Business is not a system that started a year or a century ago. The business has been under the limelight from ancient times when people use to exchange their goods to buy their essentials, as time passed exchange of gold and silver coins started, countries made their currencies money come into existence.

Business approach is such a commercial activity owned and operated by a certain person with him/her team or staff, which is known as business person or entrepreneur or proprietor. Business is known to know as an organization or entrepreneurship or firm. Business is defined as the enterprising entity, firm, or organization, some professional or causal activities, industrial works are included in the business. A business is or an organization where some professional and well-educated people are working together under specific terms and conditions.

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Features of the Business

Social responsibility, individual satisfaction, emotional needs, undertaking to earn money, satisfy own self, own needs are the features of the Business.

Functions of the Business

To the operating business, there are basic functions like planning, organizing, leading (staffing), and controlling all are basic and main functions of the Business.

Benefit of the society

The business creates or sets the standard of the living of the goods and services. Some common forms of business just like partnership, cooperation, and sole proprietorship. And the main role of the Business is making benefits of the society, profit also matters but nowadays, business or firm contribute themselves for the society. The exchange of goods and services of providing the services on the behalf of the money.

Businesses make a reputation in the market.it works on a regular basis. Therefore, Business helps to boost the country’s economy and also creates employment opportunities.

Types of Businesses concept

  1. Traditional business concept
  2. small business concept
  3. E-commerce business
  4. consumer service concept

1) Traditional business concept

The traditional business concept follows the traditional trade methods to run the business. Traditional business or traditional trade based on history and time-beliefs. Traditional businesses are like handwork, handcrafts workshop which are in small basis. Traditional businesses are also included green trades. Green trade means the use of natural resources and recycled materials, etc.

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2) E-commerce business concept

E-commerce business concept means (E-commerce) electronic business which operated with the help of the internet connectivity, or through the social media. Nowadays E-commerce businesses, are very demanded due to the covid-19 situation. Too many people are jobless so, lots of people started their own business with electronic use. Electronic businesses are very easy to own and operate too. But sometimes you have to take risks just like or forex: – during payment time. Amazon is a very good example of an e-commerce business.

3) Small business concept

Small business or enterprise small business is called Microbusiness. In the Small or Microbusiness, there is a limited capacity of the working person, machinery, exchange of service and good, etc. Small businesses are mainly owned privately and also operate by a single person.

Best business approach by hacktechmedia

4) consumer services business concept

Consumer service business or C2B means the consumer offers the service or goods to the business. E-commerce service businesses are the intangible goods or services are provided by the business to consumers. Some common types of consumer service.

Best business approach by hacktechmedia
  1. Transport.
  2. Product as a service.
  3. Banking.
  4. Event service.
  5. Professional services
  6. Utilities.

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