1: Foundations of Business
Learning Objectives
By the end of the chapter, you should be able to:
- Define and explore what a business does along with key related concepts including revenue and profit
- Describe the concept of stakeholders and identify the stakeholder groups relevant to an organization
- Explain the functional areas of business and who typically does what in a business
- Discuss and be able to apply a macro-business-environment model to an industry or business
- Compare different economic systems in effect around the world
Show What You Know
