Chapter One: Taking Risks and Making Profits Within the
Dynamic Business Environment
Goods are tangible products such as computers, food, clothing, cars and
Services are intangible products such as education, health care, insurance,
The vintage brand Fossil decided to feature the brands fall clothing line in the September
2013 issue of Vogue magazine. This was a crucial move considering that one in ten women read
the September issue to receive advice on what to wea
February 22, 2013
Critique of Bio Page
Purpose: The purpose of this memo is to provide you with adequate feedback on the
representation of yourself through your bio page.
Overall: Overall, y
Katies Jewelry & Gifts, LLC.
Katies Jewelry & Gifts, LLC. is a custom jewelry and accessory
retailer established in 2007 by River Ridge local Katie Gonzalez. It
operates out of Ms. Gonzalezs private/personal residence. Even
Chapter Two: Understanding How Economics Affects Business
Economics is the study of how society chooses to employ resources to produce
goods and services and distribute them for consumption among various
competing groups and individuals.
There are two maj
Description of New Product:
The product Success is a dietary supplement gum to guarantee optimal weight loss.
Success comes in various flavors such as cool mint, watermelon, spearmint, bubblegum, and
cinnamon. The Success gum contains all natural ingredie
Chapter 3: Doing Business in Global Markets
Importing is buying products from another country. Exporting is selling products
to another country.
Global trade enables a nation to produce what it is most capable of producing
and buy what it needs from other
Three Principles on how people interact with one another:
rade Can Make Everyone Better Off
o Principle Five: T
o Countries and families benet from the ability to trade with one
rade allows countries to specialize in what they do best
and to e
Chapter One: The Principles of Economics
The word economy comes from the Greek work oikonomos, which
means one who manages a household.
The management of societys resources is important because
resources are scarce. Scarcity means that societ
Socialism is an economic system based on the premise that some, if not most,
basic businesses should be owned by the government so that profits can be
more evenly distributed among the people. They believe that the government
should carry out the distrib