Introduction to Business

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Central topic

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Introduction to Business

Accounting

Lialbilities

Lialbilities are the debts/money that is owed

Assests

Assests are supplies that are owned with value for money.

Balance Sheet

A Balance Sheet is used to show a persons or business financal purchases and lialbilitys

Leadership

Laissez-Faire

This is the last type of leadership when the leader lets the employees have some freedom and do there own ideas.

Democratic

This type of leadership is when multiple member of the company come together to make decisions.

Autocratic

This when one person in the company makes the decisions on behalf of the company.

Personal Finance

Expenes

These are different types of fees thats are mandatory to pay taxes, licencing, etc.

Saving and Banking

This is about saving money for emergency situations and finding a financal intution that is best fit for you.

Income Managment

Income Managment is something to help people control over spending for nesscary and unesscary needs

Marketing

Competition

Having competition is important without competition brand and business would not improve the products they are producing.

Product Design

Businesses need something that people will buy and making something that looks interesting and people will buy

Branding

In marketing branding is very important businesses will spend lots of money to make sure people see there products