COMMERCE 1E03 Chapter Notes - Chapter 1: E-Commerce, Ebay, Retail
16 Dec 2014
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Standard of living and quality of life o fire protection o living and quality of life for everyone in the country o have o o businesses, non profit organizations and government agencies: working to build a high standard of living may lower the quality of life. Stakeholders: all the people who stand to gain or lose by the policies and activities of a o business (difficult to please all stakeholders) o o o o patterns o. Land (or natural resources), labour (workers), capital goods (means of manufacturing, o entrepreneurship, and knowledge) o doesn"t include money), entrepreneurship, knowledge o factor o: what makes countries rich is a combination of entrepreneurship and the effective use of knowledge o some cities are rich, and others are relatively poor. Six elements in the business environment: legal environment, economic environment, technological environment, competitive environment, social environment, global environment.
