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Verified Documents at University of Toronto Scarborough

Browse the full collection of course materials, past exams, study guides and class notes for MGTA05H3 - Foundations of Business Management at University of Toronto Scarborough …
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PROFESSORS
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Chris Bovaird
fall
12

Verified Documents for Chris Bovaird

Class Notes

Taken by our most diligent verified note takers in class covering the entire semester.
MGTA05H3 Lecture Notes - Lecture 1: Profit Motive
An organized effort, to create or provide something that people need or want, and are willing to pay for, in order to create a profit. They are called
2210
MGTA05H3 Lecture 2: Needs and Wants
Product: what purchaser hopes to get, or believes in getting when they purchase a good or service. A good or service that fills needs and/or satisfies
2134
MGTA05H3 Lecture 3: Product Life Cycle and factors of production
Chapter 3: product life cycle and factors of production. Ti(cid:373)e = (cid:373)easu(cid:396)e se(cid:448)e(cid:396)al (cid:449)a(cid:455)s: da(cid:45
3129
MGTA05H3 Lecture 4: Economic systems
The means by which a society produces and distributes the goods and services that its people need. Has concerns for all of its citizens. Only the state
2130
MGTA05H3 Lecture Notes - Lecture 5: Monopolistic Competition, Market Power, Monopoly Price
The various combinations of suppliers and sellers within a given market. Price: price takers, more or less the same. Market power: no power, really sma
394
MGTA05H3 Lecture 6: Measuring performance
The total value of all goods and services produced within a country (gross domestic product) Large gdp: more workers, producing more goods and services
3107
MGTA05H3 Lecture Notes - Lecture 7: Capitalism, Risk Aversion, Risk-Seeking
Free enterprise: freedom and bureaucracy from starting a business. Ca(cid:374)ada is a (cid:373)arket e(cid:272)o(cid:374)o(cid:373)y, has (cid:272)o(c
387
MGTA05H3 Lecture Notes - Lecture 8: Business Plan, General Partnership, Legal Fiction
4132
MGTA05H3 Lecture Notes - Lecture 9: Financial Services, Making Money, Financial Intermediary
People with money but no immediate plans and ideas. People with no money but have plans and ideas. Finding, collecting, repackaging, and distributing c
294
MGTA05H3 Lecture Notes - Lecture 10: Sole Proprietorship, Limited Liability, General Partnership
Corporatio(cid:374)s look for people (cid:449)ho ha(cid:448)e e(cid:374)trepre(cid:374)eurship skills, e(cid:448)e(cid:374) if (cid:455)ou do(cid:374)"
483
MGTA05H3 Lecture Notes - Lecture 11: Jargon
Enterprise: an undertaking or project which takes energy and effort but whose outcome is uncertain. Businesses may start to lose purpose and direction.
279
MGTA05H3 Lecture Notes - Lecture 12: International Business, Competitive Advantage, Secondary Sector Of The Economy
382