Survey of Modern Business Science Alexander Hamilton Institute

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a survey of modern business science, 1921


in 1921 forging ahead in business alexander hamilton institute claimed there 4 fundamental activities in every business: production, marketing, financing, , accounting. accompanying illustration shows whole field of business charted in such way show relation of various business activities each other. economics, study of business conditions , business policies, hub of business activity. radiating 4 grand divisions of business : production, marketing, financing, accounting. these in turn subdivided more detailed activities include.


all business activities may classified under production, marketing, financing , accounting. purposes of systematic study, each of these may subdivided shown above. in addition, there 2 important forces control business : man , government. reason discussion of relation between business , man , business , government naturally forms part of survey of modern business. first 2 , last 2 assignments in modern business course , service cover these important subjects.


the arrangement of subjects has been planned maximum benefit derived following assignments in regular order. in chart see logical arrangement of these subjects related business world. note order in these subjects treated in course not according arrangement in chart. on contrary, more general subjects first considered; come more complex—the specializations , enlargements upon foundation subjects. plan permits progressive arrangement makes broad understanding of science of business.


just university or college requires knowledge of subjects before others can taken up, because more general knowledge essential proper understanding of more advanced, have arranged subjects treated in modern business course , service in similar manner.


texts, talks, lectures, problems, monthly letters, financial , trade reviews, reports , service—these important features of modern business course , service.








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