Pre-Business BUS107 Chapter Notes - Chapter 1: Offshoring, Outsourcing, Baby Boomers
31 Oct 2012
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Document Summary
Baby-boom echo a demographic group of canadian that were born in the period from 1980 to 1995: the children of the baby boomers. Baby boomers a demographic group of canadian that were born in the period from 1947 to 1966. Business environment the surrounding factors that either help or hinder the development of businesses. Database an electronic storage file where information is kept; one use of databases is to store vast amounts of information about customers. Demography the statistical study of the human population with regard to its size, density, and other characteristics such as age, race, gender, and income. E-commerce the buying and selling of goods and services over the internet. Entrepreneur at person who risks time and money to start and manage a business. Factor of production the resources used to created wealth: land, labour, capital, entrepreneurship, and knowledge. Goods tangible products such as computers, food, clothing, cars and appliances.
