profit
what remains after all business expenses have been deducted from sales revenue
sales revenue
stakeholders
Government taxation, VAT
Employees rates of pay, job security, compensation.
Customers value, quality, customer care.
Suppliers providers of materials
Creditors lenders, loan providers
Community environmental protection
owner have interest of the success of business.
the purposes of profit
to reward business owners for producing goods and services consumers want.
Stakeholders
all of the different people or groups or people who are affected by the policies and decisions made by an organization
Economics:A Definition
The study of how wealth (anything of value) is created and distributed
2 types of Economics
The study of the decisions made by individuals and businesses
2. the study of the national economy and the global economy