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Lecture 1 Lecture 1 of BU111

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Jim Mc Cutcheon

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Lecture 1 September-16-09 2:57 PM What Is Business? • It is some total of all activities involved in the creation and distribution of goods and services for private profit. Primary Activities of a Business • Will create some kind of goods or services -----> operations function • Distribution of the actual goods of services -----> marketing function Ancillary (secondary) Activities • Accounting function - information gathering, summarizing info to help marketing their products and selling the product • Finance function - responsible for generating the funds • H/R function - recruiting ppl, training ppl, salary admin, human side of the operation, etc • IT function Profit Motive • Ppl are driven to make money, this is what drives business and and differs from the govt The Business 111 Course Model (The BBA program model) What is a model? • A model is a
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