1.
NATURE OF BUSINESS
MAGELLE R. OSMAN

2.
LEARNING OBJECTIVES:
At the end of the lesson the students should be able to:
a. Demonstrate an understanding of the nature of
business.
b. Differentiate a businessperson from an entrepreneur
and a capitalist.
c. Identify the commonalities among the different
definitions of the term “business”

3.
WHAT IS A BUSINESS?

4.
WHAT IS A BUSINESS?
a.The activity of making, buying, or selling goods or
providing services in exchange for money.
b.Work that is part of job
c.The amount of activity that is done by a store,
company, factory, etc.

5.
WHAT IS A BUSINESS?
bisignes which originally means “ care, anxiety,
occupation.
bisig adj. which mean “ careful, anxious, occupied,
diligent”.
Rather , business is one’s occupation, engagement
or work.

6.
WHAT IS A BUSINESS?
Duska and Ragatz
Two business ethics scholars, said that the original
primary meaning of business is “to engage in
purposeful activity”.

7.
THE NATURE OF BUSINESS
 1727 first evidence of the use of the term in relation to its
reference to “trade and commercial engagements”.

8.
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2017
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2018
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2019
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