PRINCIPLES OF BUSINESS

Principles of Business is a comprehensive introductory business course that provides students the foundation for key business concepts and skills identified by business leaders as the building blocks necessary in today’s business environment. This course helps students learn business terminology and provides the groundwork into the study of economics, global business, business ownership, and management. The course also covers marketing, business technology, and financial management. The course concludes with creating a business plan. 

YOU WILL LEARN TO

1. Describe economic decisions and systems, economic activity, and interdependency of the global economies.

2. Explain social responsibilities of business and government.

3. Identify types of business organizations, entrepreneurship, and small business management.

4. List the activities of human resources.

5. Describe the steps in the career planning process.

6. Identify marketing basics, and developing effective products and services.

7. Describe the components of Management information systems, and the importance of e‐commerce.

8. List and describe the steps of creating a budget, describe the different types of budget, and financial statements.

9. Explain the forms and the activities involved in production

10. Identify types of risks in business risks, and the insurable and uninsurable risks.

11. Identify consumer buying decisions, consumer rights and responsibilities, and consumer protection.

UNIT 1: Business in the Global Economic Environment

UNIT 2: Business Organization and Management

UNIT 3: Business Operations and Technology

UNIT 4: Personal Financial Management