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Critical Topics to Explore before Starting a Small Business. ... A well thought out plan
will define goals for your business' future to ensure growth. ...
Business Intelligence. Business intelligence (BI ... the growth. Business
intelligence is proved to be beneficial in decision making. We ...
Business Entity Regulations. Business Entity Regulations Starting a business is
exciting and challenging. ... Corporation ? Is a complex business structure. ...
Utah Business Entity Regulations. ... In selecting an organizational structure, protecting
the business owner from liability is a primary consideration. ...
Uniting Business and IT. ... These managers are passionate about the business
information itself, rather than the information technology. ...
Submitted by dominikanloka on December 10, 2007
Category: Business
Words: 1172 | Pages: 5
Views: 241
Popularity Rank: 49,281
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Intro to Business
Stakeholders- are all the people who stand to gain or lose by the policies and activities of a business. Stakeholders include customers, employees, stockholders, supplies, dealers, bankers, and people in the surrounding community.
Nonprofit Organization- is an organization whose goals do not include making a personal profit for its owners or organizers.
Factors (5) of Production- 1. Land- land and other natural resources are used to make homes, cars and other products. 2. Labor- people have always been an important resource in producing goods and services, but many people are now being replaced by technology. 3. Capital- capital includes machines, tools, buildings, and other means of manufacturing. 4. Entrepreneurship- All the resources in the world have little value unless entrepreneurs are willing to take the risk of starting businesses to use those resources. 5. Knowledge- Information technology has revolutionized business, making it possible to quickly determine wants and needs and to respond with desired goods and services.
Macroeconomics- looks at the operation of a nation's economy as a whole.
Microeconomics- looks at the behavior of people and organizations in particular markets.
Competition levels (4) in free markets- Perfect: exist when there are many sellers in a market and no seller is large enough to dictate the price of a product. Monopolistic: exist when a large number of sellers produce products that are very similar but are perceived by buyers as different. Oligopoly: is a form of competition in which just a few sellers dominate a market. Monopoly: occurs when there is only one seller for a product or service.
Mixed Economics- exist where some allocation of resources is made by the market and some by the government.
Gross Domestic Product (GDP)- is the total value of final goods and services produced in a...
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