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10 Cards in this Set
- Front
- Back
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What is business
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activity seeking profit,provides goods and services, nonprofit organizations, satisfy standard quality of living
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define standard quality of living
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how much goods and services can be bought with income
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what are some factors that can effect the quality of living
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pollution, crime-rate, population, health care, education oppurtunites
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what is a business's long term objective
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MAKE MONEYYYYS
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what is the accounting and finance view of business?
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maximize shareholder value
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what is the management view on business?
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provide a meaningful social institution
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marketing view of business?
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increase value to customer
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what was Schumpter's Creative Destruction?
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-need technological innovation
-creates new industires, destroys old -results in economic boom/busts |
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What are 3 very important management skills?
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technical skills, human relations skills, conceptual skills
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Management involves what 4 things:
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Planning, Organizing, Leading, Controlling
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