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What is Business?

A business, also known as an enterprise or a firm, is an organisation involved in the trade of goods, services, or both to consumers. In capitalist economies, most businesses are privately owned, which provide goods and services to customers in exchange for other goods and services (barter) or money. Some businesses are not profit oriented,…

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Concept of Tourism and Business

One out of the reasons for tourism is business. This, no doubt, shows the powerful and common features of these twin disciplines – tourism and Business. Since the Second World War, the growth of tourism industry has been at its remarkable rate and has proved to be consistent and significant in its growth, occasioning for…

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Importance of Ethics in Business

Issues of fairness, ethics and social responsibility are becoming progressively important as organisations all over the globe are faced with an ever increasing competition. For this reason also, entrepreneurs are increasingly capitalising on unprecedented business opportunities around the world; a progeny of globalisation of national economies. Examples of unethical business behaviour includes; – poor working…

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