1 / 6

Fashion B: Standard 08.0101-14 Business Ownership and Basic Economics

Fashion B: Standard 08.0101-14 Business Ownership and Basic Economics. Created by: Kris Caldwell, Timpanogos High School (There is a powerpoint created by “Fashion Marketing” for this standard as well). Business Industry Segments:.

jana
Télécharger la présentation

Fashion B: Standard 08.0101-14 Business Ownership and Basic Economics

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Fashion B: Standard 08.0101-14Business Ownership and Basic Economics Created by: Kris Caldwell, Timpanogos High School (There is a powerpoint created by “Fashion Marketing” for this standard as well)

  2. Business Industry Segments: • Primary Market the industry segment that includes businesses that grow and produce the raw materials that become fashion apparel or accessories • Secondary Market the industry segment that includes businesses that transform raw materials into fashion in the merchandise production phase • Tertiary Market the industry segment that includes retail businesses such as stores

  3. Types of Business Organization • Retailing the selling of products to customers • Sole Proprietorship a business owned and operated by one person • Partnership a business created through a legal agreement between two or more people who are jointly responsible for the success or failure of the business • Corporation a business that is chartered by a state and legally apart from the owner or owners

  4. Fashion Risks • Riskthe possibility that a loss can occur as the result of a business decision or activity • Risk Management a strategy to offset business risks • Types of Risks: • Economic Risks: Changes in overall business conditions • Human Risks: Caused by human mistakes, including customers, employees, or the work environment • Natural Risks: Caused by natural things, like weather.

  5. Global Economy • Globalizationthe increasing integration of the world economy • Importsgoods that come into a country from foreign sources or goods that a country buys from other countries • Exportsgoods that a country sends to a foreign source or goods that a country sells to other countries • Balance of trade the relationship between a country’s imports and exports

  6. Supply and Demand • The law of supply and demand affects pricing in the fashion industry • Supply: the quantity of product offered for sale at all possible prices • Demand: the consumer’s willingness and ability to buy and/or use products • Profit: the money a business makes after all costs and expenses are paid • Trade Quotas: restrictions on the quantity of a particular good or service that a country is allowed to sell or trade

More Related