Summary of Management and Organization of the Business Firms

In seeking an overview of our total business world, we have identified its basic functions as (1) acquiring raw materials, (2) manufacturing these into products, and (3) distributing products to consumers. These are the basic activities involved in providing goods and services needed or desired by people - the basic activities of business.
          We also have seen that many industries, institutions, and professions are needed to perform these basic functions in a way that can support a population of more than 225 million people. We identified and briefly described ten key segments of the business world and showed that they are interdependent. They are all working for the same objective: to provide people with goods and services of all types. With this purpose in mind, employees of the ten key segments of business perform their three basic functions, serving you and all members of society.