A032+Introduction+to+Business

A032+Introduction+to+Business - Management A03 Introduction...

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Management A03 Introduction to Management Introduction What is a business? What resources do businesses use? Business and exchanges – the economic  system The role of government Markets and how they work Competition and market structure
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What is a Business? A business is An economic organization That provides goods and services, or both In exchange for money from clients With the expectation of increasing value for  the owners of the business, usually in the  form of profits
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What is a Business? Other forms of economic organization Tax-supported organizations They supply services But clients do not pay for the services directly There is no increase in value Hospitals, schools, police, army, governments
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What is a Business? Other forms of economic organization Grant-supported organizations or activities Also provide a service But without having clients pay, or without having  them pay for full value No growth in value to owners Arts organizations
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What is a Business? Other forms of economic organization
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A032+Introduction+to+Business - Management A03 Introduction...

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