Warm-Up Wed. 4/4 Take out your inventions note sheet from yesterday so we can finish our notes.

Warm-Up Wed. 4/4 Pick up a sheet from the center desk. Without using your notes, match the descriptions in column A with the terms in column B.

Vertical Integration/Consolidation Controlling businesses related to various phases of production for a product Own all elements of a business Carnegie Steel/Andrew Carnegie

Controlling the Market Bob’s Pizza Using Vertical Integration, Bob could control the Pizza market in town by controlling many of the costs associated with making his pizza! Bob’s Farm Bob’s Cheese Factory Bob’s Trucking Company

Horizontal Integration/Consolidation When all of your competitors have been bought out Think MONOPOLY Standard Oil Company/John D. Rockefeller

Controlling the Market Bob’s Pizza Delaware Pizza Happy Time Pizza Using Horizontal Integration, Bob could control the Pizza market in town by buying the other Pizza shops! Bob’s Pizza

Create your own business Your group must create a realistic idea for a new business. Your business must manufacture/sell a good. You and your business partners do not have any money so you must put a business plan together in order to gain investors. This plan must include: – Ideas for increased productivity/profit (mass production, division of labor, etc), – ideas on how your company can vertically and horizontally integrate

Groups Period 4 Group 1: Abby, Vinny, Tyler, Nyasia, Delani Group 2: Maria, Amber, Brandon R, Hayley Group 3: Shendsley, Becca, Sam, Andrew, Nick N. Group 4: Ashley, Cami, Billy, Courtney Group 5: Chris, Erin, Kaitlyn, Brandon A, Dallas Group 6: Sarah, Nick M, David, Brian, Keenan

Groups Period 3 Group 1: Carter, Reversa, Bryden, Cecilia Group 2: Gardy, Anfernee, Breanna, Franco Group 3: Shiloh, Danny, Jack, Bryan Group 4: Keyan, Zarriah, Brandy, Nick Group 5: Lucero, Eugene, Clark, Jasmine Group 6: Parth, Gabby, Chris, Dustin