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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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  1. 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

  2. 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

  3. Category 1 $200 • The process of starting and managing your own business

  4. Category 1 $400 • The parts of a SWOT analysis that a company has control over

  5. Category 1 $600 • Activities that occur between the business and customers (buying / selling)

  6. Category 1 $800 • These types of businesses produce goods used by other businesses or organizations

  7. Category 1 $1000 • Examples include interstate highways and local water and sewer systems

  8. Category 1 $200-Answer • What is entrepreneurship?

  9. Category 1 $400-Answer • What are strengths and weaknesses?

  10. Category 1 $600-Answer • What is marketing?

  11. Category 1 $800-Answer • What are industrial businesses?

  12. Category 1 $1000-Answer What area quasi-public corporations?

  13. Category 2 $200 • Products made by companies in the United States.

  14. Category 2 $400 International agreements that eliminate trade restrictions/subsidies between groups of countries.

  15. Category 2 $600 • A specific group of consumers with similar wants and needs

  16. Category 2 $800 These change frequently, are often determined by demographic research, and can be completely subjective Daily Double

  17. Category 2 $1000 • Age, gender, income, schooling, occupation

  18. Category 2 $200-Answer • What are domestic goods?

  19. Category 2 $400-Answer • What are free trade agreements?

  20. Category 2 $600-Answer • What is a target market?

  21. Category 2 $800-Answer • What are business trends?

  22. Category 2 $1000-Answer • What are examples of demographics?

  23. Category 3 $200 Gross Income – Taxes

  24. Category 3 $400 The driving forces ofthe economy.

  25. Category 3 $600 The quantity of goods that consumers are willing to buy at a particular price

  26. Category 3 $800 The seller has the bargaining power in this type of market.

  27. Category 3 $1000 This includes money spent on luxury items, vacations, and all other non-essential goods and services

  28. Category 3 $200-Answer • What is disposable income?

  29. Category 3 $400-Answer • What are wants and needs?

  30. Category 3 $600-Answer • What is demand?

  31. Category 3 $800-Answer • What is a shortage?

  32. Category 3 $1000-Answer What is discretionary income?

  33. Category 4 $200 Retail sales index, GDP, unemployment, inflation

  34. Category 4 $400 Higher wages, more jobs available, unemployment is at lowest, and people are spending

  35. Category 4 $600 Consumers tend to cut back on these types of products during a recession.

  36. Category 4 $800 • Capitalism, socialism, and communism

  37. Category 4 $1000 • Prosperity, recession, depression, and recovery

  38. Category 4 $200-Answer • What are economic indicators?

  39. Category 4 $400-Answer • What is theprosperity stage of the business cycle?

  40. Category 4 $600-Answer • What are durable goods?

  41. Category 4 $800-Answer • What are the main economic-political systems?

  42. Category 4 $1000-Answer What is the business cycle?

  43. Final Jeopardy • Category • Types of Business

  44. 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…

  45. Final Jeopardy List three different types of business and give one advantage and disadvantage of each. Time Is Up

  46. Final Jeopardy Answer • Sole Proprietorship • Partnership • Corporation • Franchise

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