1: Foundations of Business

Learning Objectives

By the end of the chapter, you should be able to:

  1. Define and explore what a business does along with key related concepts including revenue and profit
  2. Describe the concept of stakeholders and identify the stakeholder groups relevant to an organization
  3. Explain the functional areas of business and who typically does what in a business
  4. Discuss and be able to apply a macro-business-environment model to an industry or business
  5. Compare different economic systems in effect around the world

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NSCC Fundamentals of Business Copyright © 2021 NSCC Edition by NSCC, Pamplin College of Business and Virgina Tech Libraries is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.