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Pride/Hughes/Kapoor Business, 10th Edition Chapter 1 Exploring the World of Business and Economics   1

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Pride/Hughes/Kapoor Business, 10^th Edition

Chapter 1 Exploring the World of Business and Economics

1.  Discuss your future in the world of business

2.  Define business and identify potential risks and rewards.

3. Define economics and describe the two types of economic systems: capitalism and command economy.

4.  Identify the ways to measure economic performance.

5. Outline the four types of competition.

6.  Summarize the factors that affect the business environment and the challenges that American business will encounter in the future.