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INTRODUCTION TO BUSINESS

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Learning Outcomes

  • Can explain the common terminology and terms related to business.
  • Explains fundamental business concepts.
  • Describes the elements forming a business.
  • Relates these elements with each other.
  • Can analyze reason for being of the business with it's environment.
  • Understands reasons for the establish of businesses.
  • Can relate the human requirements and reasons for being of the businesses.
  • Can explains how businesses operate in an environment and things what affect businesses.
  • Can analyze factors affecting location selection.
  • Understands the legal structure of the businesses.
  • Can analyze types of partnership
  • Describes classification of the businesses.
  • Can categorize businesses according to their size.
  • Defines forms of agreement, merger, integration and collaboration of the businesses.
  • Explains the agreement with businesses.
  • Explains the integration with businesses.
  • Determines the collaboration of businesses.
  • Determines the merger of businesses.
  • Understands the functions of businesses, their relations with each other, the operation as a whole
  • Explains the basic functions of businesses. (Marketing, Production, Human Resources, Accounting, Finance, R-D)
  • solves simple business problems using basic business approaches and methods
  • Defines the functions of management.
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