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.
- 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.
Curriculum
- 8 Sections
- 37 Lessons
- 10 Weeks
Expand all sectionsCollapse all sections
- Course Intro2
- Some General Terms7
- Financial Terms8
- Input for Business7
- External Business Environments6
- Economic Systems6
- Three Economic Goals6
- Wrap Up1
Requirements
- No tools, equipment, or pre-requisites needed (and there's almost NO MATH!!)
Features
- 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.
- 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.
Target audiences
- Business owners, employees, students • And anyone wanting to better understand the basic elements of business
