Why Is Raising Capital Critical For Success Of A Business?

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Lesson 2.1 Which type of business takes resources from nature to make its products? Name several examples. Extractors are a type of business which takes resources from nature to makes its product. If they take resources from nature to make their products or for direct consumption, they are referred to as extractors. Examples include oil refineries, farmers and growers, coal and copper mines, lumber mills, natural gas extractors. Farmers are another example of extractors they cultivate land and use other natural resources to grow crops and raise livestock for competition. That is why extractors is a type of business which takes resources from nature to make its product. Why is raising capital critical to success of a business? Raising…show more content…
Service sector is growing in our economy and even helps our environment with less natural recourses.Those are reasons why I think service businesses are the fastest growing sector of the economy. Which activity that a human resources department performs do you think is the most important? Why? Interviewing is the most important human resource department activity. The reasons why interviewing is the most important human resource is that the manager needs to have the answer that an employee should have to help your business and the abilities to help a business. If you were a business owner, what would you want to know about your business that could be provided by records? As a business owner I would like to look at my accounting records to see what is being taken in and what is being put out in expenses. I would like to know how my profits are growing or reducing so I can make changes. I would compare month to month and year to year to determine what changes I can make throughout the year to improve my business. Lesson 2.2 What activities do managers perform during the planning process? The activities managers perform during the planning process is thinking, gathering, analysing information, as well as making decisions about all phases of the business. The first reason why managers perform all of these activities is that goals and standards are set. Also, strategies and measurements are established.

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