MGTA01H3 Lecture Notes - Lecture 1: Lemonade, Walmart, Profit Motive
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MGTA01H3 Full Course Notes
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Note: the first 30-40 (cid:373)i(cid:374)utes of today"s lecture co(cid:374)sist of o(cid:448)er(cid:448)ie(cid:449) a(cid:374)d course outli(cid:374)e. Introduction to business: role of businesses in canada what is the role that businesses play in the lives of. It is an introductory first year course, intended to give an overview of business. What you will learn (2: types of competition (perfect, monopolistic, oligopoly, monopoly, measuring performance: gdp, gdp growth, gdp per capita, unemployment, etc, characteristics of entrepreneurs; people who are motivated to set up and run their own. Importance of international business and international trade to canada: exports, imports, balance of trade, and barriers to trade. Sehar qureshi: the purpose of this chapter is to explain to you what a business is. Business: definitions: the (cid:373)o(cid:374)e(cid:455) that (cid:272)o(cid:373)es i(cid:374)to a (cid:271)usi(cid:374)ess, is (cid:272)alled (cid:862)re(cid:448)e(cid:374)ue(cid:863, businesses attempt to generate revenue. Profit vs. loss: loss occurs when the revenue is less than the costs. In this case scenario, the business owners become poorer.
