Entrepreneurship and Wealth Building
Success in business (strategy): Finding a need and filling it. With this you provide goods,
jobs, and services.
Goods: Tangible products like computers, food, clothing, cars and appliances.
Services: Intangible product
By Carlos Garcia
Project- El Salvador
Ba 101 Frazier
Third largest economy in Central America
The coffee industry is
definitely the major
for November 2012
Cost of Goods Sold
Less Ending Inventory
Cost of Goods Sold
Business Concept: I plan to open a car apparel company. The concept of this business works
for me because I love anything and everything automobile. I also feel as though there are no
places where one can buy brand-specific car ge
International Business Project U.S.A.
BA 101 12:30-1:45p.m. 9/23/12
By Joseph Peacock
Map of U.S. (Google images, 9/23/12)
The United States of America holds the largest economy in the world. At $15.09 Trillion,
By Frank Rowsome, Jr.
Book Report by: Joseph Peacock
Introduction to the Concept of Think Small.
Frank Rowsome Jr. has written a book explaining the power and influence of marketing
in America through his detailed histor
The first and most important thing you need to know to understand the basic story line of
Rich Dad, Poor Dad is that while growing up Mr. Kiyosaki had two different dads. One was
dubbed the Rich Dad while the other had been given the name Poor Dad. This s
Business Concept: I will own a snack cart; I plan to be in a large corporate building- that does
not already have a coffee, snack, or food shop in it- and to sell good quality and affordable coffee
as well as pastries, fruit, bagels, and general snack foo
HC Business 101
The business climate in Germany is considered to be one of the top ranked it is specifically
known for its infrastructure, legal system, tourist market and, workforce pool. Germany has been
ranked as number
A lot of people just dont have the time first thing in the morning
to make breakfast and then lose track of time and skip a lunch as well. I
plan on being the solution as far as food is concerned to these busy
peoples life style. I will
With 46 million consumers, the third largest GDP in South
America ($322 billion) and a robust free market economy,
Colombia is a strong economic force.
Book Report Presentation
Good to Great: Why Some Companies Make the Leap.and others dont by
Jim Collins was originally published in 2001. The book identifies and evaluates the
factors and variables that allow a smal
International Joint Ventures and Strategic Alliances
Joint Venture: A partnership in which two or more companies (often form different
countries) plan to undertake a major project.
The benefits of international joint ventures:
1) Shared technology and ris
Responding to the Various Business Stakeholders
Stakeholders: All the people who stand to gain or lose by the policies and activities of a
business and whose concerns the business needs to address.
Outsourcing: Contracting with other companies to do some
The Business Environment
-Consists of the surrounding factors that either help or hinder the development of
Five elements in the business environment:
1) The economic and legal environment.
2) The technological environment.
3) The competitive
Understanding the U.S Economic system
Three major indicators of economic conditions:
1) The gross domestic product (GDP)
2) The unemployment rate
3) Price indexes
Gross domestic product (GDP): The total value of final goods and services produced in a
Understanding how Economics Affects Business
Collateral: Refers to anything of significant value that a borrower puts up as security for a
loan and is forfeited if the loan is not repaid.
How economic conditions affect businesses
Economics: The study of h
Communism: An economic and political system in which the government makes almost
all economic decisions and owns almost all the major factors of production.
The trend toward mixed economies
Free-market economies: Economic systems i
The Foundation of Capitalism
The right to own private property.
The right to own a business and keep all that businesss profits.
The right to freedom of competition.
The right to freedom of choice.
Free Market: Decisions made about what and how much to pr
Stabilizing the economy through fiscal policy
Fiscal policy: The federal governments efforts to keep the economy stable by increasing
or decreasing taxes or government spending.
National deficit: The amount of money the federal government spends beyond wh
Competition within Free Markets
Four different degrees of competition:
1) Perfect competition
2) Monopolistic competition
Perfect competition: The degree of competition in which there are many sellers in a
market and none is large
Trade Protectionism: The use of government regulations to limit the import of goods and
Tariff: A tax imposed on imports.
Two kinds of tariffs:
1) Protective tariffs- (imported taxes) raises the retail price of imported produ
The Theories of Comparative and Absolute Advantage
Comparative Advantage Theory: Theory that states that a country should sell to other
countries those products that it produces most effectively and efficiently, and buy from
other countries those products
The Dynamic Global Market
Importing: Buying products from another country.
Exporting: Selling products to another country.
Free Trade: The movement of goods and services among nations without political or
Strategies for reaching global
work revolved around one result and that was a profit. The comparison of the plantation
and factory through workers and slaves lifestyles shows that a common method were
used. The method of having a replacement if the workers/slaves didnt satisfy the owne