Abbrev-BUS1011--Chap 1.ppt

Quality of life 1 10 countries with the highest

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    QUALITY of LIFE 1-10
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Countries with the                           Highest Quality  of Life 1 Norway 2 Sweden 3 Canada 4 Belgium 5 Australia 6 United States 7 Iceland 8 Netherlands 9 Japan 10 Finland 11 Switzerland 12 France 13 UK 14 Denmark 15 Austria
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Stakeholders --  All the people who stand to gain  or lose by the policies and activities of a business  and whose concerns the businesses need to  address. Who are typical Stakeholders? - Customers -   Employees -   Stockholders -   Suppliers -   Dealers - Local community members -   The various media -   Elected Officials -   Environmentalists        STAKEHOLDERS 1-12
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Outsourcing --  Contracting with other companies  (often in other countries) to do some of the firm’s  functions.   Gap making jeans in Cambodia to  sell in the USA. Insourcing --  Foreign companies opening offices  and factories in the United States.  Hyundai- designs and engineering in Michigan; cars  produced in Alabama.  (today there is a trend for  more of this in America) (BMW in South Carolina)            OUTSOURCING              and INSOURCING 1-13
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Nonprofit Organization --  An organization whose  goals are for the betterment of the community, not  financial gains. NONPROFIT ORGANIZATIONS 1-14
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E-Commerce --  The buying and selling of goods  on and over the Internet. - B2C:  A business selling to a consumer - B2B:  A business selling to another business E-COMMERCE 1-15
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Databases --  An electronic storage file that enables  stores to monitor what you buy and helps a retailer  (for example) know what to carry in stock .
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