What is the fundamental goal of business

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Question

1. What is the fundamental goal of business? all organizations share this goal?

2. Who are the main participants of business? How does the interaction between them affect business operations?

3. What are the four types of economic systems? Provide an example of a country using each type.

4. Explain the terms supply, demand, and equilibrium price. How do these forces interact in the American economy?

5. What is meant by competition? What are two or three ways a company can gain a competitive advantage?

6. What is a code of ethics? How can one reduce unethical behavior in business?

Reference no: EM133672242

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