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Chp. 9 Review. Hello! Take out notes!!. Today we will be completing activities as a review of chapter 9, test tomorrow in the library Agenda Discuss Google Anti-trust article P. 258- Case Study Chart Review Guide. Google.
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Hello! Take out notes!! Today we will be completing activities as a review of chapter 9, test tomorrow in the library Agenda • Discuss Google Anti-trust article • P. 258- Case Study • Chart • Review Guide
Google • FTC- believed that Google has abused market dominance in search to harm competitors What do you think??!
Case Study- The Home Depot (p.258) • In over 20 years since its founding, The Home Depot has grown to more than 1,000 stores!! • The outlets avg. < $25 billion in sales EACH YEAR • That is nearly 15% of the market for home-improvement products!!
A new approach to home improvement • Read the article p.258- Focus on Free Enterprise • Pay attention to the new approach to home improvement products retailing introduced by Bernie Marcus, Arthur Blank, and Pat Farrah • How did their approaches contribute to The Home Depot’s success?
Add to Notes!! • What new approach did The Home Depot bring to the home improvement industry? • Why does Arthur Blank think that offering stock to employees is good business practice?
Answers • The approach followed 4 basic principles: stock a large assortment of merchandise; charge the lowest prices; provide excellent customer service; and cater to both the do-it-yourself amateur and the construction-industry professional. • Blank feels that when workers own stock, they feel that they own the stores and the merchandise and that they have responsibility for their customers. This will tend to encourage them to make a greater effort.
Review (p.256) Complete the review- this is due AFTER your test tomorrow • Identify Key Terms 1-10 • Recall Facts and Ideas 1-9 • Think Critically 1-3 • Apply Economic Concepts 1 • Reviewing Skills 1-5