AGEC 242 Lecture Notes - Potash, Old Montreal, Weight Watchers
22 Nov 2012
School
Department
Course
Professor
Document Summary
Nothing gets done in business if no one wants it demand/supply. Value keyword: are you creating value of some sort, water bottle. At bar in old montreal may be . Business has always been around, but how sophisticated: now, we use all kinds of ways to persuade customers, he looks at internet-related promotional activity and communications. Simple: tomato farmer sells tomatoes to have money to buy cucumber. We pursue what we are best at! If expertise, other people are willing to pay more for their services (because would be better than if they did it themselves: everything motivated by profit it"s the primary objective! Not the only: want to be most productive, ex: potash industry. (need potash for fertilizer) if economy is doing well, people willing to pay lots for tomatoes. Is it valuable to them: weightwatchers: it"s more productive for them. Easier/faster: students: want to get best grade.
