Module: Role of Business
Why It Matters: Role of Business
Why does the Role of Business matter?
What Is Business?
Define the concept of business
Reading: Getting Down to Business | |
Self-Check: What Is Business? |
For-Profit vs. Non-Profit
Distinguish between for-profit and nonprofit organizations
Reading: Making a Profit | |
Self-Check: For-Profit vs. Non-Profit |
Factors of Production
List the four factors of production required to sustain a business
Reading: Factors of Production: Inputs and Outputs | |
Reading: The Flow of Inputs and Outputs | |
Self-Check: Factors of Production |
Functional Areas
Identify the primary functional areas within a business and describe their contribution to the organization
Reading: Functional Areas of Business | |
Self-Check: Functional Areas |
Stakeholders
Identify business stakeholders and describe their relationship with business organizations
Reading: Business Stakeholders | |
Self-Check: Stakeholders |
External Forces
Identify the external forces that shape the business environment
Reading: External Forces | |
Self-Check: External Forces |
Putting It Together: Role of Business
Role of Business