Title: Credit Unit Introduction: (CU2) Introduction to Business Foundations
Course: SkillsCom BA 101 16.0 > Section: Credit Unit 2 Module 1

In this first Credit Unit, we'll be focusing on Business Foundations. We'll be going over economics, ethics, and organization. By the end, you should have a better understanding of how businesses operate.Hello and welcome to BA 101: Business Foundations. I'm Andrea, and I'll be guiding you through this course.

Introducing Your Business Plan

The most important part of this course is the development of you business plan. The purpose of the plan is to introduce you to the excitement and challenges of starting a business. The same excitement as Michael Dell was when he started Dell Computer from his college dorm or Phil Knight when he thought of the company now called Nike.

You will start with an idea for starting a company and, as you progress through the course, you will have the information necessary to develop a complete business plan. Your business plan is the focus of the essay question in each of the four Credit Unit Assessments.

The selection of a business idea is the most important choice that you will make in this course. Start to give it some thought so that
you make your choice carefully. You should start envisioning your
business plan now.

Outcomes:

- Define commonly used business and economics terminology.
- Describe the functional areas of any business organization.
- Explain revenues, expenses, and how profit is derived.
- Differentiate between objectives, strategies, tactics, and operations.
- Describe the components of a business plan.
- Prepare a basic business plan.
- Explain the importance of ethics in business.