Need/Want
Water
What is a need
A=liabilities+Owner's equity
What is the accounting equation
Purchase order
Order submitted to purchase an item
CCC
Cash conversion Cycle. Associated with a retail business. Time it takes to convert your products into cash
Hardware and software
Operating system
New Iphone 13
What is a want
Shows your income, expenses, cost of goods
what is a income statement
You should get 3 of these
Quotes from vendors
L.E.E.P
What are social responsibilities of a business owner?
Store information for further use
What is a database
non-economic want
Money a business makes
Inspect my items once I receive them? yes or no
YEs
Time, place, posession, product
What are the types of utility
Type a business letter using this type of program
What is a word processor?
Buying dinner for my family
What is a economic want?
I own these
What are assets
Who is Amazon
Paradigm, product, process, position
What are the 4 p's of innovation
To run the computer you need
What is software?
we will always have these
What is a want?
I owe rent this month.
What are liabilities
First step in the purchasing process
What is determine the need?
socializer, analyzer, controller, collaborator
You need to create a presentation
What is Powerpoint or Google slides?