Chapter 5

Chapter 5 - Introduction to Business Minneapolis Community...

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Introduction to Business Instructor: Dave Skogstrom Office: Management Education Center, Room 1050 Phone: 612-659-6422 Email: [email protected] .
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Hi, and welcome to the slide presentations for Introduction to Business. There is a set of slides for each of the eleven chapters that we will cover. There is another slide set with sound that you should also check out. These slides that you’re viewing here are the slides that I usually use when conducting a live face to face class. If all 40 of us were all together in a traditional classroom, we’d go through each of these sets of slides one at a time and have a discussion and answer questions about nearly all of these topics presented here. In our course, we won’t get to do that, at least the online section won’t. The blended section will meet roughly every other week to have some discussions of all of this, but not much. Since we can’t talk about this all together, it’s important for you to go though all of the slides and imagine how a class discussion might go. And then if you do have questions, comments, or would like to discuss some of these topics, please post your question or comment in the chapter discussion topic for this chapter. I won’t ignore you, and neither will your classmates.
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Chapter 5 Options for Organizing Small and Large Businesses L e a r n i g   G o l s Distinguish between small and large businesses and identify common industries for small firms. Discuss the economic and social contributions of small business. Explain why small businesses fail. Describe how the Small Business Administration assists small- business owners. Explain franchising’s benefits for francisors and franchisees. Summarize the forms of business ownership and the advantages and disadvantages of each form. Identify the levels of corporate management. Describe recent trends in mergers and acquisitions. Differentiate among private, public, and collective ownership. 1 2 3 4 5 6 7 8 9
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Buy American Answers from Chapter 4 Slide 4 1. Bic Pens 2. Godiva Chocolate 3. Vaseline Pet. Jelly 4. Haagen-Dazs 5. Firestone Tires 6. RCA Television 7. Atari Video Game 8. Jaguar Autos 9. Holiday Inn 10. Arrow Shirts 11. Braun Appliance 12. Tropicana OJ Bic Co. France Campbell Soup USA Unilever Dutch Grand Met British Bridgestone Japan Thompson French Atari USA Ford USA Bass British Bidermann French Gillette USA Seagram’s Canada
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BUSINESSES • Eighty-nine percent of firms with employees have fewer than 20. • Almost half of all sales in the U.S. are made by small businesses. What Is a Small Business? • Small Business Administration’s definition: An independently owned and operated firm that is not dominant in its field. • Small Business Administration has established
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Chapter 5 - Introduction to Business Minneapolis Community...

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