Wednesday, January 17, 2018

Sorry that I am away today.

First, finish your Pitch.  We will present them all on FRIDAY which mean that they should be 100% ready to go at the BEGINNING of class.

Tomorrow, we will review for your Final Quiz which will be on Monday Jan 22

Here are the terms.  They have all been in review before

Supply and Demand
Free Market
Econominc Cycle: Growth, Boom, Recession, Depression
Business ownership: Sole Proprietorship, Partnership, Corporations
Franchise
Joint Ventures
Stratigic Alliances
Mergers
Multinational Corporations
Ethics
Whistle Blowing
Insider Trading
Fraud
Worker Safety/Harassment (WCB and Worksafe BC)
Triple Bottom Line (Profit, Planet, Profits or Environmental, Finanncial, and Socially Responsible)
Pay Equity
Privacy Laws (Know that peoples private information is protected by law)
Fair Trade
Planned Obsolecence (Story of Stuff)
Percieved Obsolecene (Story of Stuff)

Invention
Innovation
(How inventions/innovations can have both positive and negative impacts)

Human Resourses
Skilled Labour
Unskilled Labour
employee turnover

Salary
Salary plus Commission
Hourly wages
Commission
Incentive Bonus
Performance Pay
Fee for Service
Stock Options

How to deal with Customer Complaints?
LEARN
Listen,
Empathize
Apologize
React
Now

Leader vs Manager
Democratic leader
Autocratic
Laissez faire

Raw Material
Processing
Grading
Quality Control
Labour
Capital.

Economies of Scale
Dis-economies of Scale

Natural Resources
Raw Materials
Labour
Capital
Information
Management
Purchasing
Processing
Quality Control

Production Cost 
Landed Cost


Fad,
Niche,
Seasonal

Reach:
Frequency:
Selectivity:
Durability:
Lead-Time:
Mechanical Requirements:
Clutter:
Costs:

annual report
asset
equity
fiscal year
gross profit
liability
net profit
operating expenses
revenue
transaction

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