{"id":79,"date":"2015-04-20T18:16:39","date_gmt":"2015-04-20T18:16:39","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterybusiness1xngcxmaster\/?post_type=part&p=79"},"modified":"2020-08-20T17:23:22","modified_gmt":"2020-08-20T17:23:22","slug":"role-of-business","status":"publish","type":"part","link":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/part\/role-of-business\/","title":{"raw":"Chapter 1: Role of Business","rendered":"Chapter 1: Role of Business"},"content":{"raw":"
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Module: Role of Business<\/h1>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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Why It Matters: Role of Business<\/div>\r\n
\r\n\r\nWhy does the Role of Business matter?\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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What Is Business?<\/div>\r\n
\r\n\r\nDefine the concept of business\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n
Reading: Getting Down to Business<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: What Is Business?<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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For-Profit vs. Non-Profit<\/div>\r\n
\r\n\r\nDistinguish between for-profit and nonprofit organizations\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n
Reading: Making a Profit<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: For-Profit vs. Non-Profit<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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Factors of Production<\/div>\r\n
\r\n\r\nList the four factors of production required to sustain a business\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n\r\n
Reading: Factors of Production: Inputs and Outputs<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Reading: The Flow of Inputs and Outputs<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: Factors of Production<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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Functional Areas<\/div>\r\n
\r\n\r\nIdentify the primary functional areas within a business and describe their contribution to the organization\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n
Reading: Functional Areas of Business<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: Functional Areas<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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Stakeholders<\/div>\r\n
\r\n\r\nIdentify business stakeholders and describe their relationship with business organizations\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n
Reading: Business Stakeholders<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: Stakeholders<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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External Forces<\/div>\r\n
\r\n\r\nIdentify the external forces that shape the business environment\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n
Reading: External Forces<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: External Forces<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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Putting It Together: Role of Business<\/div>\r\n
\r\n\r\nRole of Business\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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Module: Role of Business<\/h1>\n<\/div>\n<\/div>\n<\/div>\n
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Why It Matters: Role of Business<\/div>\n
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Why does the Role of Business matter?<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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

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