Business notebook.docx #2 - 1-Destiny Reynolds Thursday 9/8...

1-Destiny Reynolds
Thursday 9/8
Email Netiquette
Positive traits of an email
 Adding your resume or job application
 Talking about yourself a little
 Putting contact info.
 Professional email
 Clear subject line(helps recipient quickly know what the email is about)
 Don't embarrass yourself
 No emojis
 No all cap words ( EXAMPLE)
 Be patient- give recipient 2 days to respond
Step 1 : Identify yourself
Step 2 : Write it efficiently- keep it simple, no long paragraph
Step 3 : Proofread- make sure your grammar is correct, spell check
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Monday 9/12
Chapter 1 Unit 1:Nature of business
 Business - An organization that produces or distributes a good or service for profit.
 Production - Making a product or providing service
 Marketing - includes activities between businesses and customers involved in buying and
selling goods and services
 Finance- deals with all of the money matters involved in running a business
 Industrial businesses - produce goods used by other businesses or organizations to make
things
 Commercial businesses- are engaged in marketing, in finance, and in providing services
as their primary business activities
 Service Businesses - a type of commercial business that use mostly labor to offer mostly
intangible products to satisfy consumer needs
 Industry- a word often used to refer to all business within a category doing similar work
Tuesday 9/13
Chapter 1 Unit 2: Innovation
 Innovation - Something entirely new ( affects the kinds of products and services offered
for sale by other business)
 Global competition - the ability of businesses from one country to compete with similar
businesses in other countries

 Effectiveness - Making the right decisions about what products or services to offer
customers and the best ways to produce and deliver them
 Efficiency - Producing products and services quickly, at low cost, without wasting
anytime or materials
 Domestic goods - Products made by firms in the United States
 Foreign goods - Products made by firms in other countries
Domestic goods must compete with Foreign goods
 Output- The quantity produced within a given time
 Productivity- Producing the largest quantity in the least amount of time by using
efficient methods and modern equipment
 Downsize - Reducing the amount and variety of goods and services produced and the
number of employees needed to produce them
 Empowerment - Letting workers participate in determining how to perform their work
tasks and offer ideas on how to improve the work process of the company
9/15
Absent
9/19
Chapter 1 Unit 3
 Gross domestic product (GDP)- is the chief measure of a nation's economic wealth
GDP is the total market value of all goods and services produced in a country in a year
 Underground economy- Income that escapes being recorded in the GDP
 Entrepreneur- someone who starts, manages, and owns a business
 Franchise- is a legal agreement in which individual or small group of investors purchases