BU1104 Lecture Notes - Lecture 1: Cengage Learning, Profit Margin

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Department
Course
Professor
Busiess, Eviroet ad Society i the
Tropics
Wednesday Class 9am Repeat Class
Consultation:
Monday 10am-12noon DA027 211D
Mon-Fri 9am-5pm email - Al[email protected]
Subject Libguides = additional material -
https://libguides.jcu.edu.au/BU1104/BU1804
Subject Reading Chuck Williams , Alan McWilliams & Rob Lawrence(2017):
MGMT3rd Asia Pacific Edition. Cengage Learning. Australia
Week 2 - Chapter 3, 5, 6
Week 3/4 Chapter 8, 7, 4
Week 5 Chapter 2, 1, 5
Learning Advisors - https://studiosity.com/connect/clients/james-cook-
university/student_home
Be specific
Case Studies!!!!
Pebble Pad Skill Development PortFolio (prepare for future career)
Achievement Evidence
find more resources at oneclass.com
find more resources at oneclass.com
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Document Summary

Subject reading chuck williams , alan mcwilliams & rob lawrence(2017): Pebble pad skill development portfolio (prepare for future career) Understanding customer demands and tailoring product / services. Often 3/5 small businesses fail due to errors in foundation and understanding. Three core areas: front counter, interaction between the business products and the customer. Business interface as well as customer online interaction: goal to have good experience with the face of the business online or in person. Common business functional areas: accounting, economics and corporate responsibility - (what business gives back to a society, eg sponsorships, giving back to employees, accounting - accounting analyses the profitability of a business. How much money comes in and goes out. For example: cost of inventory, stock, wages, training, travel, insurance, repairs and maintenance. Generally done on a monthly basis: economics from an economics perspective, the business looks at what is happening in relation to the economy and the impact it has on the business.

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