BUSN 1101 Study Guide - Comprehensive Final Guide: Late Fee, Small Business, Sba 504 Loan

• School: Northeastern University
• Department: Business Administration
• Course: BUSN 1101
• Professor: Shimer William

Document Summary

Gas prices fluctuate as a result of four forces: supply, demand, global trends, and uncertainty: all businesses are subject to the influences of economic forces, price fluctuations lead to consequences such as. Automobile manufactures commit to the idea of creating fuel-efficient cars. Refiners post record profits (energy companies price gouging) Surge in gasoline theft proof of an inc. valuable commodity. New tech developed to reach deepest areas under the core (more gas as other areas dwindle: as gasoline reserves decrease market incentives figure how to replace dependency with alt. Inc. demand for hybrid products (gas + electric) Business: org that provides goods / services to earn profits: profits: revenue expenses. Consumers have the freedom of choice: businesses must account for wants / needs. Wo(cid:374)"t sur(cid:448)i(cid:448)e if there is (cid:374)o de(cid:373)a(cid:374)d: businesses earn profits for owners. Owner is free to set up a business, grow it, sell it, or shut it down.