HB100-2_business_overview

HB100-2_business_overview - BUSINESS overview A business is...

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BUSINESS overview Businesses Provide… … Goods and services that are the basis of our standard of living … Jobs, goods and services that help determine our quality of life A business is an organization that strives for a profit by providing goods and services desired by its customers.
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Measuring results … Revenue less Expenses Profit equals The money a company earns from providing services or selling goods to customers. Costs that a company incurs from creating and selling goods and services. The money left over after all expenses are paid.
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Not-for-Profit Organization an organization that exists to achieve some other goal (s) beyond the usual business goal of profit. Government is the largest not-for-profit group. Not-for-profit organizations account for about 28% of economic activity In the U.S.
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Examples of Hospitality Not-for- Profit Organizations www.nraef.org/ www.ei-ahla.org/
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HOW BUSINESS AND ECONOMIES WORK Macroeconomics is the study of the economy as a whole. Microeconomics focuses
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This note was uploaded on 04/29/2009 for the course HB 265 taught by Professor Jaemincha during the Spring '09 term at Michigan State University.

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HB100-2_business_overview - BUSINESS overview A business is...

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