Discuss business as a system. Explain its various characteristics.
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A business system is a defined set of principles, practices and procedures that are applied to specific activities to achieve a specific result. ... Systems are also designed to connect different departments and elements of a business to work together to achieve business objectives.
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A business system is a repeatable process that employees understand and use to achieve a desired purpose. Owners implement human resource, marketing, organizational, administrative, financial, accounting, lead generation, and sales systems. ... The problem in many businesses is the system is not defined.
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