MGMT 100- Midterm Exam Guide - Comprehensive Notes for the exam ( 128 pages long!)

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Study guide: chapter 1: the dynamic business environment. Form networks through helping each other and learning together. Growth mindset: people believe that abilities can be developed through dedication and hard work -- brains and talent are just the starting point. Fixed mindset: people believe their basic qualities, like their intelligence or talent, are simply fixed traits. They believe that talent alone creates success without effort, which is wrong. Illustrate the importance of key business fundamentals to wealth generation. Identify business stakeholders and their importance to non-profit organizations and business. 5. of jobs, but why manufacturing remains vital for canada. Explain how entrepreneurship is critical to the wealth of an economy, and list the five factors of. State the six elements that make up the business environment and explain why the business. Give examples of how the service sector has replaced manufacturing as the principal provider.