1.Business_and_Your_Life1.Business_and_Your_Life.doc

Business and Your Life You Depend on Business Modern business is well organized and operates smoothly. We often accept business services, therefore, without much thought of their importance to us. Have you ever considered the many ways in which you depend on business? Business supplies the food you eat, the clothes you wear, the home you live in, and the many other goods and services used in satisfying your wants. Many times a week most of us are affected by business. During a certain week, for example, you may make telephone calls, have your eyeglasses repaired, ride in a taxi, consult your doctor, deposit money in your savings account, buy a new bicycle tire, or advertise for your lost dog. Your home, too, depends on business in obtaining the goods and services your family needs. One family reported these business activities for a certain day: issued checks to pay automobile insurance and electric bill; bought a rug and chairs; mailed a letter to order some books; paid the newsboy; hired a carpenter to repair a window frame; bought a United States savings bond at the bank; left a roll of film at the camera shop; had dinner at a restaurant. What Is Business? You frequently hear the word business in everyday conversations. Here are some expressions using the word: “How is business this month?” “What line of business is he in?” “Our firm does a cash business.” “Business hours are 9 to 5.” “John is taking a business course.” Although you may have a general understanding of the meaning of each statement, at this time you probably would have difficulty in giving a clear-cut explanation of business. Business means different things to different people. To one person it means producing goods through farming, manufacturing, or some other industry. To another it means buying and selling merchandise. To a third person it means providing services. To a fourth it means engaging in an occupation to earn a living. Each of these instancesmaking goods, buying and selling goods,