Textbook Notes (378,596)
CA (167,186)
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MGTA01H3 (583)
Chapter 1

Chapter 1 notes (from the book)

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Department
Management (MGT)
Course Code
MGTA01H3
Professor
Chris Bovaird

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Description
Chapter 1 Notes (from the book) Business: an organization that seeks to earn profits by providing goods and services. Profit: what remains after a businesss expenses are subtracted from the revenue(sales) Expenses: money spent on running the business itself. Revenues: the money earned by the business as they sell their products or services Profits are rewards earned in return of the risk, time and money that the business owners spent Profits are very large if the business is managed well Most profitable companies in 2005: RBC, Manulife, Imperial Oil Non profitable organizations such as hospitals, churches, and universities, are not businesses. They provide services b
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