Class Notes (809,047)
Canada (493,506)
MGTA02H3 (136)

MGTA04 LEC 2.docx

1 Page
Unlock Document

University of Toronto Scarborough
Management (MGT)
Chris Bovaird

MGTA04 LEC 2 - the functions of a business - the vision or department or area of interest or responsibility - business – people who worry about accounting, marketing etc, - operations management - people within any business who preocopy themselves of how they are going to make the things, when, how, etc. - production: making products and physical things - we provide services and give expert opinion - 3 things that differentiate service and production operations - services often require the customer to be there - services cant be stored - and they tend to be customized, everybody needs something different - productivity is a ratio from one activity to another - compares output and input utilizd to make something - numerical relationship - GDP per capita . one thing divided by another - Taking total size of economy and dividing it by the number of people who work there - How much stuff got made relative to the number of people who work there - Why rich? People can produce a lot of valuble goods and services - Why can Canadians and americans provide a lot of goods and services ? - Good education systems in rich countries - We are rich we are rich which mea
More Less

Related notes for MGTA02H3

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.