Chapter 1

Motives and Functions

of a Business

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Motives and
Functions
of a Business
Learning Objectives

Goals Resources

Motives & Functions

Of a Business
Stakeholders Environment

Decisions

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Motives and
Functions
The Key Decisions in Running A
of a Business
Business

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Motives and
Functions
of a Business
Goals of a Business

Goals
Resources
Consumer Owner
Stakeholders
Environment
Decisions

Needs Profit

Opportunity Lower Price

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Motives and
Functions
of a Business
Where Profits Come From

Goals
Resources
Stakeholders
Revenue
Environment - (Expense)
Decisions
Demand Profits

Attract
Expense

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Motives and
Functions
of a Business
Government & Nonprofits

Goals
Resources
Stakeholders
Environment
Decisions

Free Markets Nonprofit

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Motives and
Functions
of a Business
Factors of Production

Goals
Resources
Stakeholders
Environment
Natural Resources Human Resources
Decisions

Capital Entrepreneurship

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Motives and
Functions
of a Business
Technology

Goals
Resources
Stakeholders
Environment
Decisions

Information Electronic
Technology Business

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Motives and
Functions
of a Business
Entrepreneurship

Goals
Resources
Creates Accepts
Stakeholders
Environment
Decisions

IDEAS RISK

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Motives and
Functions
of a Business
Stakeholders

Goals
Resources
Stakeholders
Environment
Decisions
Owners Creditors

Employees Suppliers Customers

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Motives and
Functions
of a Business
Owners

Goals
Resources
Stakeholders
Environment
Decisions

Entrepreneur Stockholder

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Motives and
Functions
of a Business
Owner Profiles

Goals
Resources
Stakeholders
Environment
Decisions

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Motives and
Functions
of a Business
Creditors

Goals
Resources
Stakeholders
Environment
Decisions

Loans

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Motives and
Functions
of a Business
People in Business

Goals
Resources
Stakeholders
Environment Employees
Decisions

Suppliers

Customers

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Motives and
Functions
of a Business
People in Business

Goals
Resources
Stakeholders
Environment
Decisions

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Motives and
Functions
of a Business
Business Environment

Goals
Resources
Stakeholders
Environment
Social Industry
Decisions

Economic Global

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Motives and
Functions
of a Business
Business Decisions

Goals
Resources
Stakeholders
Environment
Decisions

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Motives and
Functions
of a Business
Decisions and Performance

Goals
Resources
Stakeholders
Environment
Decisions

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Motives and
Functions
of a Business
Decision-Making Focus

Goals
Resources
Stakeholders
Environment
Decisions

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