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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 of Monday, February 16, 2015 Business, Workers and the Law Regulations and 6 Laws… 1. 2. 3. 4. 5. 6. Corporate Law (3 types of business) Tax Law Intellectual Property Law (3 types) Consumer Law Commercial/Contract Law Licensing and Zoning Law Recap of Monday, February 16, 2015 3 Intellectual Property types Patents … inventions Trademarks/Logos …. Examples?? Copyright….creative work (books, songs, art, plays Recap of Monday, 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-ncreleased.html Productivity http://www.bls.gov/news.release/prod2.n r0.htm Personal Income Personal Income Retail Sales…. http://davidstockmanscontracorner .com/why-retail-sales-arefaltering-bottom-60-of-householdshave-no-real-income-gains-since2008/ 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=mSX mB_my0ls Various avenues to do business globally… Foreign Intermediary Licenses and Franchises Strategic Alliance Multinational Corporations NFL overseas: http://www.nfl.com/news/story/09000d5d 82310fe4/article/basing-an-nfl-franchiseoverseas-would-bring-major-obstacles Subway growing worldwide: https://www.youtube.com/watch?v=saB8 GMjIpVw 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=H6g7tU coF3I Indonesia: https://www.youtube.com/watch?v=3z8Y 3LknZFo France: https://www.youtube.com/watch?v=UVZz ydTzeyw Assignment Go find a country we have not discussed today and identify one (1) important/interesting piece of business etiquette/culture for that country