ADM 1100 Chapter Notes - Chapter 1: Outsourcing, Transaction Processing, American Business History
18 Sep 2016
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The internet has dramatically drawn advertising money away from media such as radio, tv and magazines. Because those traditional media sources require large audiences to make them money. A broad term that can be applied to many kinds of enterprises. Business consists of all profit-seeking activities and enterprises that provide goods and services necessary for an economic system. Business provides the means for improving a nations; standard of living. Profits are rewards for businesspeople who take the risks involved to offer goods and services to customers. Financial rewards for businesspeople who offer good and services. Business like establishments that have primary goals than returning profit to the owners. Public sector government agencies, political parties, and labor unions. Employees are hired and they receive incomes by providing service. Most organizations are exempt from paying local taxes. All production imputes that are useful in their natural states. Production inputs consisting of technology, tools, information, and physical facilities.
