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Characteristics of a Business. Globalization/ Demographics. Economics Supply/Demand. Economics - Other/Systems. $200. $200. $200. $200. $400. $400. $400. $400. $600. $600. $600. $600. $800. $800. $800. $800. $1000. $1000. $1000. $1000. Characteristics of a Business.
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Characteristics of a Business Globalization/Demographics EconomicsSupply/Demand Economics -Other/Systems $200 $200 $200 $200 $400 $400 $400 $400 $600 $600 $600 $600 $800 $800 $800 $800 $1000 $1000 $1000 $1000
Characteristics of a Business Globalization/Demographics EconomicsSupply/Demand Economics -Other/Systems $200 $200 $200 $200 $400 $400 $400 $400 $600 $600 $600 $600 $800 $800 $800 $800 $1000 $1000 $1000 $1000
Category 1 $200 • The process of starting and managing your own business
Category 1 $400 • The parts of a SWOT analysis that a company has control over
Category 1 $600 • Activities that occur between the business and customers (buying / selling)
Category 1 $800 • These types of businesses produce goods used by other businesses or organizations
Category 1 $1000 • Examples include interstate highways and local water and sewer systems
Category 1 $200-Answer • What is entrepreneurship?
Category 1 $400-Answer • What are strengths and weaknesses?
Category 1 $600-Answer • What is marketing?
Category 1 $800-Answer • What are industrial businesses?
Category 1 $1000-Answer What area quasi-public corporations?
Category 2 $200 • Products made by companies in the United States.
Category 2 $400 International agreements that eliminate trade restrictions/subsidies between groups of countries.
Category 2 $600 • A specific group of consumers with similar wants and needs
Category 2 $800 These change frequently, are often determined by demographic research, and can be completely subjective Daily Double
Category 2 $1000 • Age, gender, income, schooling, occupation
Category 2 $200-Answer • What are domestic goods?
Category 2 $400-Answer • What are free trade agreements?
Category 2 $600-Answer • What is a target market?
Category 2 $800-Answer • What are business trends?
Category 2 $1000-Answer • What are examples of demographics?
Category 3 $200 Gross Income – Taxes
Category 3 $400 The driving forces ofthe economy.
Category 3 $600 The quantity of goods that consumers are willing to buy at a particular price
Category 3 $800 The seller has the bargaining power in this type of market.
Category 3 $1000 This includes money spent on luxury items, vacations, and all other non-essential goods and services
Category 3 $200-Answer • What is disposable income?
Category 3 $400-Answer • What are wants and needs?
Category 3 $600-Answer • What is demand?
Category 3 $800-Answer • What is a shortage?
Category 3 $1000-Answer What is discretionary income?
Category 4 $200 Retail sales index, GDP, unemployment, inflation
Category 4 $400 Higher wages, more jobs available, unemployment is at lowest, and people are spending
Category 4 $600 Consumers tend to cut back on these types of products during a recession.
Category 4 $800 • Capitalism, socialism, and communism
Category 4 $1000 • Prosperity, recession, depression, and recovery
Category 4 $200-Answer • What are economic indicators?
Category 4 $400-Answer • What is theprosperity stage of the business cycle?
Category 4 $600-Answer • What are durable goods?
Category 4 $800-Answer • What are the main economic-political systems?
Category 4 $1000-Answer What is the business cycle?
Final Jeopardy • Category • Types of Business
Final Jeopardy List three different types of business and give one advantage and disadvantage of each. You have 30 seconds left… You have 1 minute…
Final Jeopardy List three different types of business and give one advantage and disadvantage of each. Time Is Up
Final Jeopardy Answer • Sole Proprietorship • Partnership • Corporation • Franchise