Why is business so important to a country's economy? 2. In what ways are not-for-profit organizations a substantial part of the U.S. economy? What unique challenges do not-for-profits face? 3. Identify and describe the four basic inputs that make up factors of production. Give an example of each factor of production that an auto manufacturer might use. 4. What is a private enterprise system? What four rights are critical to the operation of capitalism? Why would capitalism function poorly in a society that does not ensure these rights for its citizens? 5. In what ways is entrepreneurship vital to the private enterprise system? 6. Identify the seven eras of business in the United States. How did business change during each era? 7. Describe the focus of the most recent era of U.S. business. How is this different from previous eras? 8. Define partnership and strategic alliance. How might a motorcycle dealer and a local radio station benefit from an alliance? 9. Identify the major changes in the workforce that will affect the way managers build a world-class workforce. Why is the knowledge economy so important? 10. Identify four qualities that managers of the 21st century must have. Why are these qualities important in a competitive business environment?
Why is business so important to a country's economy?
2. In what ways are not-for-profit organizations a substantial part of the U.S. economy? What unique challenges do not-for-profits face?
3. Identify and describe the four basic inputs that make up factors of production. Give an example of each factor of production that an auto manufacturer might use.
4. What is a private enterprise system? What four rights are critical to the operation of capitalism? Why would capitalism function poorly in a society that does not ensure these rights for its citizens?
5. In what ways is entrepreneurship vital to the private enterprise system?
6. Identify the seven eras of business in the United States. How did business change during each era?
7. Describe the focus of the most recent era of U.S. business. How is this different from previous eras?
8. Define partnership and strategic alliance. How might a motorcycle dealer and a local radio station benefit from an alliance?
9. Identify the major changes in the workforce that will affect the way managers build a world-class workforce. Why is the knowledge economy so important?
10. Identify four qualities that managers of the 21st century must have. Why are these qualities important in a competitive business environment?
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