BSM 100 Lecture Notes - Lecture 1: Human Services, Capitalism, Ebay
16 Dec 2018
School
Department
Course
Professor
Document Summary
The players, products, markets, reason(s), time, mode of payment constant churn. Companies are being launched and are growing faster than ever. Mature firms are being merged, acquired, and dissolved. Any activity that provides goods and services in an effort to earn aprofit. Not-for-profit organizations focus on health, human services, education, art, religion, andculture. Canada"s 170000 non-profits contribute over billion to the economy. Non-profits are businesses in every other sense: employ people, depend upon revenue, and produce goods andservices. Entrepreneurs abusiness,business drives up the standard of living . People who dream, risk time, money, and other resources to start and manage. , whichin turn contributes to the quality oflife . The financial reward that comes from star:ng and running a business; themoney that a business. Profit earns in sales (or revenue), minus all expenses. Allow a higher standard of living with better and improved products andservices. Keep the economy dynamic which results in more innovation and efficiency.
