BA 101 - Unit 1 - Lecture

BA 101 - Unit 1 - Lecture - Basic Business Foundation Basic...

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Basic Business Foundation Basic Business Model  Business Lev. 19:35-36 Customers Feedback Pro. 20:14; 11:26 Loyalty Lu. 14:15-23 Pro 20:14 – getting the best price deceitfully Pro 11:26 – when the customer is happy, they will bless you/tell others when the customer isn’t happy, they will curse you True Essentials of Business Performance Excellence Deut. 10:12-13 Deut 11:11-13  (bring rain in due season) Employees Fair Compensation Eph 6:9 Committed service  Eph 6:5-8 Good work environment Jer 22:13 Dependable      Col 3:22 Regard for personal life      Col 4:1           Honesty  Pr 25:13
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Transaction  – exchange between consumers and the business itself Revenue (right hand) – what the customer will pay Cost (left hand) – what it costs to make, deliver, market, etc the product Fundamental goal of business:   to make more profits  while satisfying
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BA 101 - Unit 1 - Lecture - Basic Business Foundation Basic...

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