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Study Notes for Nature of Business

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Complete study notes for final exams. Detailed summary, diagrams, case studies and examples all included

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7 Pages Partial Study Notes 1-2 Years old
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Study Notes for Nature of Business
Topics this document covers:
Economy Business Entrepreneurship Business models Management Corporate finance Strategic management Small business Mergers and acquisitions Marketing strategy Financial capital Privately held company
This is a Partial Set of Study Notes

Partial Study Notes typically cover only single topics of a unit of study or do not cover multiple topics in significant detail. They are generally less than 20 pages in length.

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Topics this document covers:
Economy Business Entrepreneurship Business models Management Corporate finance Strategic management Small business Mergers and acquisitions Marketing strategy Financial capital Privately held company
Sample Text:
If businesses sales revenue is higher than it’s operating expenses, then it has earned a profit. • Goods are items that can be seen or touched • Services are done for the customer by others (employees) • Production is when the businesses resources are put together to produce products Businesses are important: • Employment: Businesses need employees in order to produce and sell their goods and services to customers. Employment is provided for employees (wages & salaries), business owners (profits), shareholders (dividends). ➢ Wage: Money received by workers usually on a weekly basis for the services they provide to an employer. ➢ Salary: A fixed amount of money paid on a regular basis, usually fortnightly or mont...
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