Friday 26 June 2015

The Uses Of International Business Intelligence

By Freida Michael


Due to the nature of life on earth, a person has to be able to afford quite a number of things to be okay. These things are generally referred to as the needs of man. They are quite many in nature. This however depends on the particular person in question. The basic needs are the most important among the other categories. The importance of international business intelligence is very crucial in community growth and development.

People have very needs that must be provided for adequately if they are to live on healthily. One of these needs is that for food. Food is the sole source of energy in the body and without it a person can starve to death. Other vital needs include that for housing, clothes, medicine and security. These are all very crucial and yet do not come cheaply. A person has to work hard to get enough money for them.

People therefore take on several economic activities so that they can be able to make enough money to provide for the needs of their family members. Some of the commonly done activities include farming. Farming has two major sectors that can be further broken down into numerous other practices. A farmer is either growing crops or rearing animals for desired reasons. Some people practice it for domestic reasons while others are more in to the financial benefits of the practice.

Farming is very popular in very many communities. It is the practice of growing crops so that the person can trade in the produce so that they can benefit a profit. There are also some farmers that rear domestic animals such as cows, goats and chicken so that they can benefit from their products such as beef, milk and eggs from the chickens. This line of work is quite easy and beneficial as well. It is mostly practiced in the rural areas where there is plenty of land for use.

The people in urban centers have also taken to industrialization and its many other branches. These industries provide these people with employment opportunities. The people that are lucky enough to get employed serve the organization in whatever way they are instructed and in return they are paid a monthly salary and a couple of other benefits such as transportation, housing and medical allowances.

Mining is the process of excavating the ground so that the various minerals that are buried underground can be retrieved and used. The important minerals that people usually seek include gold, diamond, iron, silver and numerous others. These materials fetch very good prices in the market when sold. Oil is also a very vital resource. It is refined to get petroleum which is a crucial source of energy on earth.

For the people that have no desire of being employed to take other people rich, investment is their way out. These people nurture their own business ventures and put efforts to make sure that they finally succeed. This can be quite taxing both financially and in terms of numerous other resources too. This entrepreneur has to be quite calculative to achieve success.

After the enterprise has started functioning, its activities will first of all be local in nature. As time goes by and the business has gained some popularity, they can now venture further into the international boundaries. Intelligence research has to be done adequately before that move however.




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