Textbook Notes (367,969)
Canada (161,538)
York University (12,784)
ADMS 1000 (298)

The Structure of Corporations [Reading] [P1]

3 Pages
Unlock Document

Administrative Studies
ADMS 1000
Eytan Lasry

The Structure of Corporations ADMS 1000 ReadingPart I Capitalism is an economic system of business based on private enterprise Individuals and businesses own land farms factories and equipment and they use those assets in an attempt to earn profitsCapitalism provides rewards for those who work hard and who are inventive and creative enough to figure out new or better products and servicesThe wealth incentive provides the fuel to generate new ideas and to foster economic value that provides jobs and raises our standard of livingThe main goal of a company is to create an environment conductive to earning longterm profits which stem from two main sources o Firsta business much provide products andor services to a customer base A large portion of a firms value derives from the current and future profits of its business activity Finding ways to increase profits from core operations can increase economic valueo Secondincreased profits can come from a growth in the sales of an existing product or sales resulting from the introduction of a new pr
More Less

Related notes for ADMS 1000

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.