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16 Oct 2011
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BU111 Full Course Notes
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BU111 Full Course Notes
Verified Note
19 documents

Document Summary

It is some total of all activities involved in the creation and distribution of goods and services for private profit. Will create some kind of goods or services -----> operations function. Distribution of the actual goods of services -----> marketing function. 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. 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) A good model helps to simplify our understand of what would otherwise be a very complex phenomena. A good model structures or frames our thinking regarding a complex topic. A good model provides a meaningful framework for analyzing and studying a complex phenomena.