BUS 201 Lecture Notes - Lecture 1: Consumer Product Safety Act, Bc Hydro, Environment And Climate Change Canada
17 Nov 2014
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Bus 201: introduction to business - lecture 1: ch. Lo-1 the idea of business and profit: managers should pay attention to (1) actions of competitors, (2) rapid technological change, (3) new product development, (4) corporate strategy, (5) stock prices, etc, key words: business, profit, non-profit/not-for-profit organization. Lo-2 economic systems around the world: major determinant of how organizations operate is their economic system, the key difference between economic systems is the way in which they manage the factors of. Mental or physical capabilities of people (ex. Imperial oil needs geologist and drives: capital. Funds needed to start a business and to keep it operating and growing (ex. Imperial oil needs to pay for its drilling costs) Major sources of capital come from personal investments by owners, sales from stock, profits from sales, and funds borrowed from banks: natural resources. The physical resources such as land, water, mineral deposits, etc. (ex. Imperial oil needs crude oil and land: information resources.
