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Learning objectives: 1. What are profits, and how do businesses and nonprofit organizations compare? 2. What are four types of businesses? 3. How do competition, the social environment, globalization, and technological growth challenge and provide opportunities to business owners?
Learning objectives: 1. What are profits, and how do businesses and nonprofit organizations compare? 2. What are four types of businesses? 3. How do competition, the social environment, globalization, and technological growth challenge and provide opportunities to business owners?
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Learning objectives: 1. What are profits, and how do businesses and nonprofit organizations compare? 2. What are four types of businesses? 3. How do competition, the social environment, globalization, and technological growth challenge and provide opportunities to business owners?
Авторское право:
Attribution Non-Commercial (BY-NC)
Доступные форматы
Скачайте в формате PPT, PDF, TXT или читайте онлайн в Scribd
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Printed in the United States of America.
Learning Objectives 1. What are profits, and how do businesses and non- profit organizations compare? 2. What is the difference between a good and a service, and what are the factors of production? 3. How do competition, the social environment, globalization, and technological growth challenge and provide opportunities to business owners? 4. What are four types of businesses? 5. How do sole proprietorships, partnerships, corporations, and limited liability companies (LLCs) differ from one another as forms of business? 6. How do life skills translate to the business environment?
3 Publishing as Prentice Hall Basic Business Definitions • Businesses: sell goods and services to earn profit • Profit • Nonprofit organizations • Good • Service
4 Publishing as Prentice Hall Benefits of Businesses • The proprietor benefits from earned profits. • Society benefits from goods and services provided. • Communities benefit from the employment opportunities. • Businesses contribute to the quality of life by creating higher standards of living for society.
How Does Competition Influence Business? • Competition forces companies to o Improve their product offerings. o Lower their prices. o Promote their brands. o Focus on customer satisfaction. o Seek workers with interpersonal, communication, and decision-making skills.
7 Publishing as Prentice Hall How Does the Social Environment Affect Businesses? • An aging population • Increasing diversity • The Green Movement o Environmental concerns o New product opportunities
8 Publishing as Prentice Hall Globalization • Multinational enterprises • Offshoring • Benefits to the U.S. economy o Lower prices for goods o Increased competition stimulates innovation • Risks to the U.S. economy o U.S. jobs lost to overseas workers o Increased competition o Fluctuation in the dollar value o Security and patent protection concerns o Unstable political climates in foreign countries
9 Publishing as Prentice Hall Technological Changes • Technology is expensive and time-consuming. • Benefits include lower costs and improved productivity, security, and communications. • Telecommuting, teleconferencing and other tools help human relations and globalization. • The Internet aids company operations. o E-commerce (B2B and B2C) streamline sales. o Businesses must provide online security and privacy.
10 Publishing as Prentice Hall Types of Businesses: Local and Regional • Managing money is the most significant special challenge of these businesses o Poor financial planning o Undercapitalization o Taxes and insurance costs
11 Publishing as Prentice Hall Types of Businesses: National • A national business has several outlets throughout the country • Special challenges o Finances o Laws that vary from state to state o Supply chain management
12 Publishing as Prentice Hall Types of Businesses: Multinational • Special challenges o Different countries’ laws o Cultural differences o Economic differences
14 Publishing as Prentice Hall The Players in Business Ownership • Corporate stakeholders include employees, shareholders, investors, suppliers, and society at large • Sole proprietorships usually have fewer stakeholders than large corporations
15 Publishing as Prentice Hall Taking Business Personally • Are you a sole proprietorship or a partnership? • How do you receive funding? • What are your expenses? • How does the social environment affect your life? • How does globalization affect your life? • How do you keep up with new technology? • What sort of e-commerce do you use? • How do you keep your “business” secure • What types of goals do you have?
16 Publishing as Prentice Hall Chapter Summary 1. What are profits, and how do businesses and non- profit organizations compare? 2. What is the difference between a good and a service, and what are the factors of production? 3. How do competition, the social environment, globalization, and technological growth challenge and provide opportunities to business owners? 4. What are four types of businesses? 5. How do sole proprietorships, partnerships, corporations, and limited liability companies (LLCs) differ from one another as forms of business? 6. How do life skills translate to the business environment?