REC101 Lecture Notes - Lecture 3: Making Money, Legal Personality, Power Law

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lemoncoyote675

16 Oct 2011

School

University of Waterloo

Department

Recreation and Leisure Studies

Course

REC101

Professor

Troy Glover

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Document Summary

They are motivated by profit ( making money, not like -> not for profit organization ) They design programs to tap consumer spending ( convince them to buy your product) Expected to contribute to the economic well-being of the community ( e. g job created, tax revenue generated ) Economic impact is regarded with greater importance than social impacts (e. g fitness opportunities ) Leisure products businesses: manufacturers & purveyors of leisure goods & equipment (e. g nike ) Leisure services businesses: providers of leisure programs & experiences ( e. g chucky cheese ) Business sponsors of leisure: sponsors of leisure events & products ( e. g tim horton ) Its primary function is the provision of retail products, entertainment, recreation programs for people in their home communities: facilitators, these types of commercial recreation business support the other three categories. Sole proprietorship one person owns a business and is legally responsible for its debts and legal obligations.

Related Questions

Because the Federal Reserve System is a central bank, it provides banking services to

(i) businesses only.

(ii) consumers and businesses.

(iii) commercial banks.

(iv) no one.

(v) the government only.

sangriachimpanzee884

Give examples of social businesses. A Social Business is not the same as a charity. Charities are not-for-profit entities which rely on donations of time and money in order to survive. A Social Business is design to self perpetuate based on the product or service it provides. Employees are paid, not volunteers. Investors expect a return of their money but not a return on their money. To be clear, the money invested is not a gift or charitable donation. Social Businesses must compete on both price and quality in order to survive. Also Social Business is not a governmental or quasi-governmental agency.

A Social Business is not the same as a charity. Charities are not-for-profit entities which rely on donations of time and money in order to survive. A Social Business is design to self perpetuate based on the product or service it provides. Employees are paid, not volunteers. Investors expect a return of their money but not a return on their money. To be clear, the money invested is not a gift or charitable donation. Social Businesses must compete on both price and quality in order to survive. Also Social Business is not a governmental or quasi-governmental agency.

Give examples of social businesses that are in the united states. First one to give an example of a social business in oregon gets the points.

REC101 Lecture Notes - Lecture 3: Making Money, Legal Personality, Power Law

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