Chapter 1 Business 150
Chapter 1 Business 150 Bus 150
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This 2 page Class Notes was uploaded by Jessica D'Aniello on Sunday September 20, 2015. The Class Notes belongs to Bus 150 at Pace University taught by Malki in Fall 2015. Since its upload, it has received 53 views. For similar materials see Contemporary Business Practice in Business at Pace University.
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Date Created: 09/20/15
Business Chapter 1 Developing a Business Mindset any pro t seeking organization that provides goods amp organization that provides goods amp services designed to satisfy the customers needs adding value is a process of transforming spend on the right things at the right time not maximizing money that a company brings in through the sale of goods amp services UNITS X PRICE REVENUE a concise descriptions of how a business intends to generate revenue money left over after all costs What is the relationship between pro t amp price some aspect of a product or company that makes it more appealing to its target consumers a business entity that is granted taxexempt status by the Internal Revenue Service Donations to a nonpro t organization are often tax deductible to the individuals and businesses making the contributions used to describe companies and organizations that make products rather that provide services a general term that describes work that supports a business but does not produce a tangible commodity a ratio used by many investors to compare the expected returns of an investment to the amount of risk undertaken to capture these returns taking risks that could sink company any resource or capability a company must have before it can start competing in a given market a view of business that considers the myriad decision that must be made and the many problems that must be overcome before companies can deliver the products that satisfy customer s needs What are the various functional areas of a business
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