WHAT IS BUSINESS

WHAT IS BUSINESS Business is a word that 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 that people either need or want; for example cars can be classified as goods. Services, on the other hand, are activities that 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 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. Source : English for Economics and Business, Gunadarma

Business Letter

55 Rue De Faubourg Street Toulouse, KY 75008 March 18th, 2013 Mr. Rusdi Kirana Chief Executive Officer, Lion Air Group 7 Gajah Mada Street Jakarta, 10130 Dear Mr. Rusdi Kirana We on behalf of the aircraft manufacturer Airbus, which is the largest supplier of aircraft in the world that has been operating since 1970. In this case intends to offer products of our latest aircraft to you. The aircraft products we make have the advantage, among others, high-tech, fuel-efficient, environmentally friendly, safe and comfortable for the passengers. The product of our company that we want to offer to the Lion Air Group are as follows: 1. 109 Airbus A320 NEO 2. 60 Airbus A320 CEO 3. 65 Airbus A321 NEO I attach herewith detailed specifications, pricing, distribution mechanisms, and other important matters about our products. Please consult the listed access us through if Mr feel attracted by the offer we made Thus we made this offer letter, for your attention and cooperation delivered many thanks Sincerely, Fabrice Brégier Chief Executive Officer, Airbus Industries Sumber : www.google.com / Lion air profile industry