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Essay / Research Paper Abstract
This 5 page paper begins by explaining what a business is and some of the many components of a business. The next section discusses ethical behavior and how it can be instilled in the corporation. Finally, the writer discusses why companies engage in international trade. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: MM12_PGinrbd.RTF
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Unformatted sample text from the term paper:
entrepreneurs knowledge and skills or it may be a multinational corporation employing tens of thousands of people. It is a legally recognized entity that is formed under certain guidelines.
Certain operational activities are found in all businesses, such as planning, marketing, accounting and management. Even the single entrepreneur is involved in those components. Other components found in larger businesses,
include human resources, information systems, public relations, purchasing, operations management, production management, sales, research and development, and the different departments necessary to produce the product or service. The larger
the business, the more departments there will be. Each component in a business is important, in fact, it is essential for the health of the enterprise. The business will fail
if any component fails. For example, if an enterprise does not develop a strategic plan, they will not have the guiding plan to accomplish their goals. If marketing is not
successful, the business will collapse because consumers will not know about their products and services. If accounting is not accurate and ethical, the company will not only lose money, they
may find themselves operating unethically or illegally. In todays fast-paced market, successful businesses must be adaptable, flexible and innovative. This is true regardless of the size of the business
or that firms specific products or services. That means these business components are found in all businesses, whether they are suppliers operating in the business-to-business market, in the large consumer
market, or operating in government agencies. In other words, both private and public sector businesses need their different departments to interact with each other to gain market share.
Corporate ethical scandals still seem to be pervasive although nothing has equaled the Enron and other scandals of several years ago. Still, unethical behaviors in corporations continue. An entrepreneur reported
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