(10 Equidad) Introduction to Business

Front

Definition and purpose of business in society: It refers to an entity that not only provides goods and services to meet the needs of society, but also generates profit and contributes to economic and social development.

Back

Contributing to society while earning profits and meeting community needs.

Front

Entrepreneurship and innovation in business growth play the role of stimulating market opportunities.

Back

They drive business growth by creating new opportunities.

Front

Key stakeholders in a business include:

Back

Customers, Employees, Investors, and Suppliers

Front

Explain the impact of supply and demand on business as a statement.

Back

They determine market prices and production levels.

Front

Competition's impact on pricing, efficiency, and consumer benefits across market structures.

Back

It drives efficiency and shapes pricing strategies in various market structures.

Front

Impact of inflation, unemployment, and interest rates on business costs, consumer demand, and borrowing costs.

Back

They increase costs, lower demand, and raise borrowing expenses.

Front

Different economic systems mentioned in the course overview are:

Back

Traditional; Command; Market; Mixed

Front

Identify the key components of Business Ethics & Social Responsibility.

Back

Ethical standards and corporate social responsibility

Front

What are the main functions of Management & Leadership in a business?

Back

Planning, organizing, leading, and controlling

Front

The basics of Financial Management covered in the course are:

Back

Financial Analysis, Capital Budgeting, Risk Management, and Financing Decisions