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Lecture 1 - What is a business

3 Pages

Management (MGT)
Course Code
Chris Bovaird

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LECTURE 1 CHAPTER 1 Definition of business Business A business is an organized effort Somebody has to have an idea and be motivated Organized effort to make, produce, provide or supply something Tim Hortons, Microsoft Provides coffee, produces software Warner Brother; make the movies GM makes and tries to sell us cars Furnishes, makes available something that people want They try and sell us that product or service They have to do these to make a profit 98% of businesses in Canada employ less than 20 people Small bu
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