COMM 1010 Lecture Notes - Lecture 3: Material Requirements Planning, Canadian Imperial Bank Of Commerce, Accounts Payable

• School: Dalhousie University
• Department: Commerce
• Course: COMM 1010
• Professor: Mc Larney Carolan

Document Summary

Session 3: dynamic business environs chapter 1 (lecture notes) All its money is in the patent (gov. authority/license conferring a right/title for a set period excluding others from using this. Businesses produce/sell products in order to make pro t. The $ left over from revenue after a rm pays its expenses. Motivates individuals to engage in business activities. Resources used by rms to create goods & services. External environment factors beyond an organization"s boundaries that cannot be controlled. Organizational boundaries that which separates the organization from its environment. Conditions of the economic system in which an organization operate. => tax break doesn"t exist 360,000 ppl/ 35 million. Stability policies fiscal policies, monetary policies. Barbados & ecuador: does not control their currency. Incl. all the ways a company creates value for its customers. Powers new ideas for products & services & processes. Used to improve a rm"s performance of its internal operation.