MGMT 1P93 Study Guide - Comprehensive Final Exam Guide - Canada, India, Hong Kong
20 Nov 2018
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Chapter #1: business now: change is the only constant. In the last decade, what consumers buy and how we by has changed. The history of business: putting it all in context: Factors of production: businesses and non-for-profit organizations both rely on fop, some combination of these factors are crucial for an economic sys. to create wealth. Resources: land, fresh water, wind, and mineral deposits, the value of all natural resources tends to rise with high demand, low supply or both. Capital: machines, tools, buildings, info and technology resources that a business needs to produce g/s. Resources: physical, intellectual, and creative contributions of everyone who works within the econ. The business environment: context for success: business environment: the setting in which business operates, the five key components are, the economic environment, g7: a group of industrialized nations that includes; france, germany, canada, italy,
