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Related Flashcards
Related Topics
Cards In This Set
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The nature/ goal of business
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Nature: To earn profits by providing tangible or intangible products
Goal: For-profit companies- profit. For non-profit companies- a specific goal of the company. Provide good or service but not for reasons of making a profi |
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The people and activities of business
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Activities: Management, Marketing, Finance
People: Owners, employees, customers, stakeholders- investors, regulators |
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Why Study Business
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To develop skills and acquire knowledge to prepare for your future career
To help you better understand the many business activities that are necessary to provide satisfying goods and services To help you become a well-informed consumer and member of society |
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Why Study Business
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The study of how resources are distributed for the production of goods and services within a social system.
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Economic Systems
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The way a society distributes its resources to produce goods and services
Addresses the issue of how to fulfill unlimited demand with limited supply of resources |
