Describe the changing status of U.S. employment 5.1 Goals Describe the changing status of U.S. employment Discuss the role of business in the U.S. economy Describe three major types of businesses
5.1 The Main Idea This lesson describes changes that have occurred in the U.S. employment and changes in the types and numbers of businesses.
What do you know about current businesses and the economy? 5.1 What do you know about current businesses and the economy? Pre-Test – With one partner complete the pre-test.
Partner Activity Partner up! (groups of 3) Aluminum Foil Activity 5.1 Partner Activity Partner up! (groups of 3) Aluminum Foil Activity Each student to get 5 pieces of foil Create a product out of aluminum foil Create a sales pitch to share with the class that highlights your product Electronically, create a list of the six basic activities YOU FEEL businesses perform. Save as “6 business activities” in Google drive with your group member’s names
Employment Data in the U.S. 5.1 Employment Data in the U.S. US Employment Data handout
Employment Data in the U.S. 5.1 Employment Data in the U.S. What year kicked off the start of the baby boomers? 1946 - 1964
Employment Data in the U.S. 5.1 Employment Data in the U.S. In 2014 what percent of jobs are held by women? Statistics 47%
What Percent of U.S. Workforce is made up of Contingent Workers? 5.1 What Percent of U.S. Workforce is made up of Contingent Workers? Contingent worker Has no contract for long-term employment 30%
Business and the Economy 5.1 Business and the Economy In 2013, businesses worldwide produced ??? trillion of goods and services. How many zeros is that? US responsible for $16 trillion $75 trillion 12. $75,000,000,000,000
Business and the Economy 5.1 Business and the Economy Put these in order from largest to smallest according to the amount of employees US businesses have: 20-99 No Employee/Owner only 1-9 20-99 Greater than 100 No Employee/Owner Only 1-19 >100
Size of Businesses
ICEBAM Roles of Businesses pg 104 5.1 Roles of Businesses pg 104 What are the six basic activities that businesses perform? Generating Ideas Raising capital Employing and training personnel Buying goods and services Maintaining business records (Accounting) Marketing goods and services (Marketing) ICEBAM
Interesting article Go to my wiki, read “9 Careers on the Way Out” Discuss
5.1 Types of Businesses Producers Intermediaries Service business
5.1 Types of Businesses Producers- create the products and services used by individuals and other businesses
5.1 Intermediaries *The most common types of intermediaries are retailers and wholesalers. Intermediaries Businesses involved in selling the goods and services of producers to consumers and other businesses
Producers/Intermediaries example 5.1 Producers/Intermediaries example Coleman Tents (Producer) Intermediary (Retailer) Consumer
Service business Ex: Dentists, doctors, lawyers, painters, pet sitters 5.1 Service business Ex: Dentists, doctors, lawyers, painters, pet sitters Fastest growing part of the economy. More than 60% of all U.S. employment is in service-producing Service business Carries out activities that are consumed by its customers.
5.1 Services example Dentist (Service business) You (Consumer)
Types of Businesses Activity 5.1 Types of Businesses Activity With a partner: Using the internet, in 10 minutes, create three lists (handwritten) of businesses in York County , by organizing them into types. Producers/Intermediary/Service The team with the most correct businesses wins!