Notes on Functions of Business
Talk about Field trip on April 28th?
Definitions, for completion: Pages 155-165
Natural Resources
Raw Materials
Labour
Capital
Information
Management
Purchasing
Processing
Quality Control
Next, read the section on improving productivity on pages 166-171.
For this scenerio, you may work in partners.
You started a small T shirt company where you print great designs for T shirts on your printer, press them on shirts you buy at a local discount store, then sell them on-line. You have decided to start a formalised business. You have aquired a business partner who is bringing a large amount of capital to your business. Explain how you will scale your business. Be specific, where will you locate? What type of machinery will you use? Any management strategies will you use?
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