BUSINESS MANAGEMENT

Master PowerPoint on Chapter 5 Chapter 6 Chapter 7

Friday, February 13, 2015

About Ethics and Social Responsibility

Monday, February 16, 2015

Recapping Enron Movie

What were various ethical dilemmas?

Recap ofMonday, February 16, 2015

Business, Workers and the Law Regulations and 6 Laws…

1. Corporate Law (3 types of business) 2. Tax Law 3. Intellectual Property Law (3 types) 4. Consumer Law 5. Commercial/Contract Law 6. Licensing and Zoning Law

Recap ofMonday, February 16, 2015

3 Intellectual Property types Patents … inventions Trademarks/Logos …. Examples?? Copyright….creative work (books, songs,

art, plays

Recap ofMonday, February 16, 2015

3 Business Types Sole proprietorship Partnership Corporation

Monday, February 23, 2015

Employment Laws and their Impact Read pp. 106-129 Write out all definitions (12) Complete your assigned Employment Law

case. Research your particular case and write out two paragraphs about the law assigned. You may use – not copy – the book. Please utilize internet and cite at least one website used.

Employment Laws and their Impact Let’s test our Law and Employment Law

knowledge by going over

Chapter 5 Assessment

on page 130.

EQ: Understand economic indicators to recognize economic trends & conditions.

We will look closely at making decisions in a market economy.

Who has ever tried to buy a product that was in limited supply??

Scarcity = fact that too few resources are available for everyone in the world to consume as much as he or she would like

Opportunity cost = when you take one action/make one purchase, then this is the best opportunity that is passed up/lost

Scarcity impacts: Limited income Limited resources Limited education/low skills

Command economy = government decides what good and services are produced.

Market economy = private companies and individuals decide what to product and consume.

Supply = quantity of a good or service that businesses are willing and able to provide (Direct relationship)

Demand = quantity of a good or service that consumers are willing and able to buy (Indirect relationship)

Wednesday, February 25, 2015

EQ: Understand economic indicators to recognize economic trends & conditions.

Today, we will look at Business Cycle, its phases and various Economic Indicators.

What business cycles have occurred in the last 100 years??

Wednesday, February 25, 2015

Wednesday, February 25, 2015

More on ….the Business Cycle

Periods with little growth or decline would simply be considered stagnation and movement of line is passage of time. Line will normally show some mild grade of slope.

Some more helpful graphs follow. …..

Wednesday, February 25, 2015

Wednesday, February 25, 2015

Wednesday, February 25, 2015

Monday, March 2, 2015

Measuring Economic Activity Real Life applications of measuring

performance … EXAMPLES GDP = gross domestic product or total

dollar value of all final goods and services produced in country in a year

GDP per Capita = output per person

4 Items Make up GDP

1. Consumer Spending

2. Business Spending

3. Government Spending

4. Exports and Imports

Other Measures of Economic Activity Unemployment Rate Productivity Personal Income Retail Sales

Unemployment Rate

NC rates .. October 2013 http://www.hcpress.com/news/county-

unemployment-rates-for-nc-released.html

Productivity

http://www.bls.gov/news.release/prod2.nr0.htm

Personal Income

Personal Income

Retail Sales…. http://davidstockmanscontracorner.com/why-retail-sales-are-faltering-bottom-60-of-households-have-no-real-income-gains-since-2008/

For a Classwork grade: ….

Chapter 6 Assessment

Write out 13 definitions and answer 5 Recall Key Concepts questions and 5 Thinking Critical questions

EQ: Understanding impact of global economy on business management.

Global economy = economy in which companies compete actively with businesses from all over the world

Free trade area = region within which trade restrictions are reduced or eliminated

NAFTA = 1994 b/w USA,Canada,Mexico

NAFTA good or bad for US companies, US workers, US consumers?!?!?

https://www.youtube.com/watch?v=mSXmB_my0ls

Various avenues to do business globally… Foreign Intermediary Licenses and Franchises Strategic Alliance Multinational Corporations

NFL overseas: http://www.nfl.com/news/story/09000d5d82310fe4/article/basing-an-nfl-franchise-overseas-would-bring-major-obstacles

Subway growing worldwide:

https://www.youtube.com/watch?v=saB8GMjIpVw

GM Trucks and Toyota Sedans alliance

Must understand foreign cultures… China: food and meals are key Indonesia: fashionably late Singapore: art of business card Saudi Arabia: clasp hands vs. handshake Switzerland: very formal – no humor

More on Culture

Chinese business culture:https://www.youtube.com/watch?

v=H6g7tUcoF3I Indonesia:

https://www.youtube.com/watch?v=3z8Y3LknZFo

France: https://www.youtube.com/watch?v=UVZzydTzeyw

Assignment

Go find a country we have not discussed today and identify one (1) important/interesting piece of business etiquette/culture for that country