Four Types of Enterprise Q Service organization-provides services(does something for you) rather than selling something Q Merchandising business- buys goods, adds value to them. then sells them to customers Q Manufacturer -makes the products it sells Q Financial services company -doesnt make tangible products and doesnt sell products made by other companies; deals in services related to money Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity
11 Four Types of Enterprise ⧫ Service organization – provides services (does something for you) rather than selling something ⧫ Merchandising business – buys goods, adds value to them, then sells them to customers ⧫ Manufacturer – makes the products it sells ⧫ Financial services company – doesn’t make tangible products and doesn’t sell products made by other companies; deals in services related to money
Resources in an Enterprise ◆ Major resources: D Human resources n Properties, plant and equipment, supplies, raw materials, finished products or inventories u Financing In cash or bank deposits → In material forms Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 12
12 Resources in an Enterprise ⧫ Major resources： Human resources Properties,plant and equipment,supplies, raw materials, finished products or inventories Financing →In cash or bank deposits →In material forms
Movements of material Resources in an Enterprise Q An example -Beauty Photo Store Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 13
13 ⧫An example-Beauty Photo Store Movements of Material Resources in an Enterprise
Movements of material Resources in an Enterprise n Movements in a manufacturing enterprise →cash/ bank deposit→ raw materials>work-in- processfinished productsfin-cash/bank deposit o Movements in a merchandising enterprise →cash/ bank deposit-inventory→>cash/bank deposit Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 14
14 Movements of Material Resources in an Enterprise Movements in a manufacturing enterprise →cash/bank deposit→raw materials →work-inprocess→finished products→fin→cash/bank deposit Movements in a merchandising enterprise →cash/bank deposit→inventory→ cash/bank deposit
Activities of Enterprise Q Three major phases of business activities iNception d Operating I Liquidation Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 15
15 Activities of Enterprise ⧫Three major phases of business activities: Inception Operating Liquidation