Lecture 1 notes Sept 15

Lecture 1 notes Sept 15 - BU111 – I nt roduction to...

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Unformatted text preview: BU111 – I nt roduction to Business Organization September 15, 2010- What is Business? o The sum total of all activities involved in the creation and distribution of goods and services for private property Primary Activities of a Business • Creation Operations Production • Distribution Getting the good/service into the hands of consumers (Marketing [everything including the promotion, coming up with distribution network, etc.]) Ancillary (Secondary) Activities of a Business • Activities that facilitate or make possible the performances of the Primary Activities o Accounting – Helps Marketers to market effectively and efficiently o Finance – Responsible to generate the necessary funds o Human Resource – Responsible for hiring, recruiting, training individuals o Information Technology o Legal Profit Motive Differentiates business from economic activities- Business 111 Course Model (BBA Program Model) o What is a Model?...
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This note was uploaded on 05/08/2011 for the course BUS 111 taught by Professor Jimmccutcheon during the Fall '09 term at Wilfred Laurier University .

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Lecture 1 notes Sept 15 - BU111 – I nt roduction to...

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