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CH1 Factors of Production = four basic inputs for effective operation; -natural resources capital- tender-hearted resources - and entrapaneurship cloistered enterprise system Economic system and rewards firms for their mogul to rank and serve the needs and demands of customers Relationship management array of activities that strain and maintain ongoing, mutually beneficial ties between a business sector and its customers and other parties. Offshoring Relocation of business processes to lower hail locations afield Outsourcing using popside vendors to produce goods or fulfill division and functionsthat were previously handled in house. CH 2 Business ethics= standards of charter and clean values involving right and wrong actions a acclivitous in the organise environment inscribe of conduct= formal statement that defines how the organisation expects employees to resolve estimable issues Social Responsibility businesss consideration of nines well be ing and consumer triumph in plus to profits Sexual harassment unwished and inappropriate actions of a sexual nature in the body of work Sarbanes-Oxley Act.

Federal legislation designed to monish and punish collective and accounting fraud and corruption and to comfort the interests of workers and shareholders through enhance financial disclosures, criminal penalties on CEOs and chief financial military officers who defraud investors, safeguards for whistle blowers and establishment of a rising regulatory body for public accounting firms. Ch 3 consume and summate Demand; willingness and ability of bu yers to purchase goods and operate add; w! illingnesss and ability of sellers to let goods and services Types of competition Gross national product; sum of all goods and services produced within a countrys boundaries during a specific time effect such as a year. Four types of unemployment fiscal and fiscal policy Monetary government actions to increase or decrease the capital tag on and chage bacnking requirements and interest...If you want to get a full essay, come out it on our website: BestEssayCheap.com

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