Flashcards based on chapter 1: Business Now from the BUSN, Second Canadian Edition Textbook published by Nelson Education Ltd., as well as professor S. Kruger's Lectures.
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What is business?
Briefly describe how business is today
What is a Not-for-Profit organization?
What is profit?
What is an entrepreneur?
What does business do for society?
What are the main sections in which business history is divided into?
What is characteristic of the Industrial Era?
What is characteristic of the Entrepreneurship Era?
What is characteristic of the Production era?
What is characteristic of the Marketing era?
What is characteristic of the Relationship era?
What areas do not-for-profit organizations focus on?
In what are for-profit and not-for-profit businesses the same?
What are factors of production?
Describe the economic environment in which business can flourish
Describe how the competitive environment affects business
Describe how the technological environment can affect business
Describe how the social environment can affect business
Describe how the global environment can affect business
Very generally, how does entrepreneurship affect economies?
Define Value
