Accounting
They make "...." after all cost and expenses are paid
What is Profit
this object allows me to have what I need and what i want
what is money?
this type of business does not seek profit
What is a non-profit organization
a pen is a standardized item all over the world
what is a global product
Sell and manage brand
what is the role of Marketing
I have a house that I currently pay a mortgage on. the mortgage lets say is 2000$. I am currently renting it out for $4000.
what is an asset?
I started a plan for smart spending and saving
what is Budgeting?
there's a saying
" things that come fast, leave fast. things that gradually build up, last a lifetime"
what is fads and trends
Business operate internationally due to 5 reasons
what is the product, preference, proximity, place, price
Logos take three possible forms
what is visual, what is a monogram, what is abstract.
what is owner and managers? what is outsiders
every time I do something for you, you pay me a fee
what is Service charge?
Business make decisions base on this 5 step decision-making model
what is:
- what decision has to be made
-alternatives
- pros and cons
-take action
-evaluate
I hire people from other countries and put my factory in China
what is Offshore outsourcing
A study of obvious characteristics that categorize human beings.
What is Demographic?
i look at this data to see how this business is doing on a given day
what is a balance sheet?
3 c's of credit
what is character, capacity capital
business based on these 5 factors to change their supplys
what is:
-number of producers
-change in price
-changes in tech
-changing expectations for the future
-changing production cost
i want the delicious chocolate from Belgium, not the one made here in Canada
what is Global dependency
i paid my name to be out there. I didn't pay for what people think and feel about my name
what is Advertising and publicity
What is double entry bookkeeping?
it takes me 36 years to double my money with a 2% interest rate
what is the rule of 72
Law demand and it's detail
what is the law of demand:
-price +=demand-
- price-=demand+
5 ways to offset the risk of importing
what is
- measure consumer interest
-carefully selecting foreign suppliers
-learn about the foreigner partner's culture
-analyze the purchase agreement carefully before signing it
-do quality check upon arrival
First,i gain your Attention. then I have your interest. then I make you desire me. than i make you act on your desires