ACC 340 Study Guide - Midterm Guide: Lululemon Athletica, Operating Cash Flow, Cash Flow
23 Oct 2018
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M3 - a conceptual model of business 1. 2: business activities (strategically and operating activities) 3 fundamental goals (what a business entity does. Organization of people + other resources assembled to achieve a purpose by conducting various activities to produce and sell goods/services to a market. Stand alone economic organizational unit that acquires financing for those resources. Undertakes activities with the expectation of economic game or profit. Managing and financing a business entity . Life independent of its owners and managers and is expected to continue forever. Means that a particular entity only, no other entity or stakeholders. . 4 m per year which means their annual revenue. Fundamental goals of a business entity: mission. Satisfy a particular need(s) of a market by providing something of perceived value (i. e. goods, services, information) Solving a problem or otherwise creating an opportunity. To be able to accomplish this mission they must complete (2) endure and (3) generate rewards for owners: endure (financial dimension)
