Sunday, August 2, 2020

Analysis of the different business model


A large number of people involved in different types of activities to fulfill the human requirement and need. In the case of their involvement, they try to make a profit by performing their activities. People are interested to make a profit and maximize their wealth. But some of them can be able to reach their destination, some of them continue their activities moderately and some of them are lost and close their activities. Today we try to discuss the term of business, it's form, advantages, and disadvantages of the different forms of businesses separately from my point of view.


Business

People involve various kinds of activities as a producer, service provider, inter mediators to gain or earn profit to maximize their wealth is called business. It requires a large number of people gathering to achieve business goals. We can say very simply when people involve in any activities to serve the consumers demand-supply gap with earning profit and maximizing the wealth of the people is called business.


Here, we find some keyword like products, services, demand, supply, and demand-supply gap, profit realization and finally maximize wealth, etc. any elements among them are the absent business can not be possible to reach its final destination and success. Anyone can design products and services according to people's demand-supply gap. Without analyzing the demand-supply gap, it is not possible to create a consumer's attraction and fulfill their demand and grow in the future once after another.


We find there are three different forms of business which are Sole proprietorship, partnership, and the corporate form of business.

 

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