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Taking Risks and Making Profits within the Dynamic Business Environment…
Taking Risks and Making Profits within the Dynamic Business Environment
Cash fixes everything as long as sells continues
enterprenure
taking risks and make money
filling markets needs
Business
providing goods and services
objective of business
Growth
social responsibility
Survival
profit
Profit
Loss
Revenue
Standard living
Quality of life
Five factors of production
Capital
Enterprenureship
labour
knowledge
Land
Business management and job creation
Technological environment
database
bar codes
information technology
The Competitive Environment
stakeholder recognition
employee service
customer service
The economic and legal environment
contract laws
elimination of corruption
freedom of ownership
minimum taxes and regulation
The Social Environment
demographic changes
family changes
diversity
government role in business
free exchange of goods and services
passing laws
allowing partner ownership
establishing a currency
keeping tax
minimizing corruption
minimizing spending
benefits of technology
effectiveness
efficient
Technology
productivity
important changes to the global environment
increase of free trade
more efficient distribution
growth of global competition
evolution of business
manufacture era
service era
agriculture era
information based era