Intro to Business Chapter #1 • The Basics

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Intro to Business Chapter #1 • The Basics
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz, 2 Ch
Language: English | Duration: 2h 57m | Size: 1.8 GB

The Basics Of Business

What you'll learn
General Terms including the Goods vs Services; Demand vs Supply; Standard of Living vs Quality of Life, Economics: both Micro and Macro
Explaining each of the 5 standard Inputs businesses require to run effectively; As well as the 7 External Factors/Environments which guide successful business d
Simple definitions of many different words and concepts in business including financial terms like Profit/Loss, Assets, Liabilities, Equity, and more
An explanation of the difference between For-Profit businesses and Not-for-Profit operations
An explanation of the differences between Communism, Socialism, Free-Market Capitalism, as well as how the relate to each other in both good and bad ways
Requirements
No tools, equipment, or pre-requisites needed (and there's almost NO MATH!!)
Description
In this course, we use everyday, easy-to-understand language to explain the fundamental basic terms, definitions, concepts, and practices needed to operate and understand business from the ground-floor up.
While this course uses United States information as examples, the information and principles included apply to almost every country in the world.
Throughout the entire course, quizzes and actual working "homework assignments" are used to reinforce the lessons as well as help the student understand what they are grasping or needing to restudy.
Some of the many areas covered in the course include
General Terms including the Goods vs Services; Demand vs Supply; Standard of Living vs Quality of Life, Economics: both Micro and Macro
An explanation of the difference between For-Profit businesses and Not-for-Profit operations
Explaining each of the 5 standard Inputs businesses require to run effectively; As well as the 7 External Factors/Environments which guide successful business decisions
How businesses on all levels work together to create various different financial outcomes and results
MANY other lessons are included such as
The Three Goals that businesses affect that control entire economies
An explanation of the differences between Communism, Socialism, Free-Market Capitalism, as well as how the relate to each other in both good and bad ways
Simple definitions of many different words and concepts in business including financial terms like Profit/Loss, Assets, Liabilities, Equity, and more
And a lot of other pieces of information scattered in between
NOTE: This is one mini-course included in the Introduction to Business: Volume 1 series. It is a completely stand-alone course with no prerequisites to understand the content. However, all the separate courses combined provide a comprehensive understanding of introductory business concepts equivalent to a 16-week, 3-credit hour, college course.
Who this course is for
Business owners, employees, students • And anyone wanting to better understand the basic elements of business

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