Role of Business in the Economy
What is supply and demand?
Supply: the amount of a product or service that is present/able to be given out.
Demand: is what people want and how much of it.
Define CSR.
Corporate Social Responsibility
What are the most important things to include on a resume?
What are the four P's of marketing?
Price, Product, Place, Promotion
What month of the year has 28 days?
All of them.
What is a shortage?
It is when there is a high demand but not enough supply.
What are some examples of business ethics?
Whistleblowing, fraud, accounting scandal, embezzlement, insider trading, etc.
What should a cover letter include?
It should include information about you and what makes you different from other people.
What is branding?
It is the process of selling a product or service that is apart from other businesses
How many planters are there in the solar system?
Eight
Define and state what GDP is.
Gross Domestic Product.
Measures the monetary value of a product at a given time within a country.
How can people incorporate CSR in their business?
Adopt business code of ethics, follow safety guides, commit to being environmentally friendly, donate to charities, etc.
What does the Myers Briggs Test help conclude?
It helps to determine personality type and that can help people find a job that is compatible with them.
What is product placement?
It is when goods or services are placed to gain exposure in movies or tv shows by paying the production to be included/have their product be shown.
Where does today come before yesterday?
In the dictionary
What are the three types of economies and where are they?
Command (China, North Korea, old Soviet Union)
Mixed (USA, UK, Sweden, Iceland, France and Germany)
Free Market (Singapore)
What is OSHA?
Occupational Safety and Health Administration.
What should you do before an interview?
Dress to impress and be nice to others because you never know who is interviewing you!
What are examples of demographics?
Age, race, gender, income, education, etc.
What was the first feature length animated film released?
Snow White and the Seven Dwarfs
What role does the government play in a mixed economy?
The government monitors businesses to make sure they are ethical and their prices (not price jacking)
What does OSHA do for people?
It ensure health and safety to workers across America. It sets good working conditions for the employees and enforces standards within the workplace like, training, outreach, and education.
What better the odds of you getting a job?
Having experience, being polite, and having strong qualities as well as a strong interview.
How do people find the demographic to market to?
They use surveys, censuses, etc to be able to find their target audience.
What band sings the song Take on Me?
A-ha