Module #1 - Learning Outcomes - The Role of Business

Learning Outcomes:  Module 1: Role of Business

Discuss the role of business in society, the primary functions within a business, and external forces that affect business activities

• Explain the concept of business
• Distinguish between for-profit and nonprofit businesses
• List and explain the four factors of production required to sustain a business
• Identify the primary functional areas within a business and describe their contribution to the organization
• Identify business stakeholders and describe their relationship with business organizations
• Identify the external forces that shape the business environment