Agenda  Review Test Scores/Questions  Small Business Impact-SBA.gov Small Business Impact   Entrepreneurship  4-Business Forms  Forms Activity

 Pick a Country  Make 3 comparisons to the US  Send an to Mr. Fassl or Mr. Krey, comparing your country to US. Would you invest there?

Business Forms & Activities Exploring Business: Unit 2, Part 1 Students will: - Define 4 types of business forms - Describe the channels of distribution

College and Career Readiness Standards  Reading Understand relationships between people, ideas, and so on in uncomplicated passages  Writing Add a sentence to accomplish a fairly straightforward purpose such as illustrating a given statement  Mathematics Solve routine one-step arithmetic problems

I. 4 Business Forms  A. Extractors A business that grows products or takes raw materials from nature. Farmers, Miners, Fisherman, Growers

I. 4 Business Forms  B. Manufacturers Takes the extractor’s products or raw materials and changes them into a form that consumers can use.

I. 4 Business Forms  C. Marketers Moving goods from producers to consumers. Includes: Transporting Selling Developing Testing Packaging and Presentation

I. 4 Business Forms  D. Service Business A business firm that does things for you instead of making or marketing products. Hair Stylists, Accountants, Waiters, Babysitting

II. Getting Products and Services to Consumers  A. Channel of Distribution: the path that a product travels from the producer to consumer.

II. Getting Products and Services to Consumers  B. Direct Channel of Distribution: when the product goes directly from the producer to the consumer.

II. Getting Products and Services to Consumers  C. Indirect Channel of Distribution: when the product travels through middle firm(s) before reaching the consumer.

II. Getting Products and Services to Consumers  1. Retailer: a business firm that sells products directly to the consumer.

II. Getting Products and Services to Consumers  2. Wholesaler: a business firm that buys products in large quantities from producers, sorts and utilizes them and then sells them in smaller quantities to retailers or consumers.