Purpose and Function of Business Vocab Game Can you get them all right? By Whitney Marshall.

Slides:



Advertisements
Similar presentations
How Businesses Are Organized
Advertisements

LEBANON CTC Stock Market Project. In the financial world, the word stock refers to money raised by a company.
ECONOMICS.
Business Ownership and Operations
Statement of Financial Position
The Motive of Business Why do businesses supply goods and services?
Read to Learn The four main ways to become a business owner and the advantages and disadvantages of each The different forms of legal business ownership.
Dr. Mohamed A. Hamada Lecturer of Accounting Information Systems
Chapter 1 Unit 1-1 Accounting Concepts and Procedures By Bill Venables.
What does barter mean? These days people usually use money to get what they want. Before there was money, people had to barter to get what they wanted.
WANTS AND NEEDS. I WANT It  Individual  Group  Family  Business  Public.
Introduction to Business
 I decided to market a product that would be for girls, because many of the girls I know always carry money and they don’t hold back when it comes to.
What is Economics? n Economics is the study of how people choose to use resources n Everyone has basic needs and wants: a need is something necessary like.
 A business is a legal entity that is set-up or designed to make goods, sell goods, or provide a service.
Types of Advertising Mrs. Wilson Ryle High School.
Learning Objectives Given a list of 4 countries, 1 of which is the richest country in the world, students must be able to identify the richest country.
Business Organizations. Starting a Business  Entrepreneurs : people who decide to start a business and are willing to take risks  Entrepreneurs should.
 What is a business?  A business is an organization set up to produce and/or sell goods and/or services to satisfy the needs, wants, and demands of.
Understand the purpose and the functions of business Purpose and Functions of Business.
Chapter 2: Business Basics
Entrepreneurship Chapter 4. What is an entrepreneur?  A person who runs and organizes their own business.  Must make good decisions  Find inventive.
Being a Business Owner Section 4.2.
Schedule  An organized written plan to help reach your goals within a certain period of time.
How we get what we want... Chapter 5 AgriScience Explorations 2nd Ed 8th grade semester class, Spring 2001 Lincoln Middle School.
Objective 1.01 Understand the purpose and the functions of business 1.01 Purpose and Functions of Business.
1 Chapter 1: Economic Basics What Is a Business? Businesses come in many shapes and sizes, such as local, regional, national, and/or global. They are classified.
Marketing Is All Around Us Chapter 1.1. The Reality…  You have been marketed to since you were very young.  You probably know a lot about marketing.
Statement of Financial Position
Someone who is willing to take the risks involved in starting a business. Entrepreneurs believe that the rewards of starting a business are worth the risks.
Simple Economics. Do you like to earn money, save money or spend money? If you said that you like spending money, then you are contributing to our country’s.
Bell Ringer What is the difference between a want and a need? Fill in the table below with examples. WantsNeeds.
Business Management.
Objective 1.01 Understand the purpose and the functions of business 1.01 Purpose and Functions of Business.
Part 5—Job Satisfaction
Basic Economic Concepts Chapter 1. A Look at Wants and Needs Chapter 1 Section 1.
Choose a category. You will be given the answer. You must give the correct question. Click to begin.
Marketing Is All Around Us Chapter 1.1. The Reality…  You have been marketed to since you were very young.  You probably know a lot about marketing.
Warm Up Turn to page 25 in your textbook Read “Consumer Action” What can Yolanda do to help her business be more profitable? How will she know if her price.
Company LOGO Economics. Objective #1- Market Systems I.Economics -Study of production, distribution, and consumption of goods and services. - In other.
Click here to advance to the next slide.. Chapter 1 Basic Economic Concepts Section 1.2 Business Activities.
© South-Western Educational Publishing GOALS LESSON 1.3 THE BUSINESS ENVIRONMENT  Relate current economic conditions to consumer expenditures  Compare.
N Hi! My name is Stan and today I am going to teach you about economics. Economics is the study of the making, buying, and selling of goods or services.
The Different Types of Business Ownership. Sole Proprietor A business owned and operated by one person. The owner is responsible for all operations of.
Balancing a budget Our goal is to learn the nuances of balancing a budget. In order to do so, we must first learn some basic economic principles. Use this.
Welcome to business vocabulary By: John Loftus. 1)What is a contest between businesses that sell the same goods/services, to win a customer’s business.
Unit 1: What is economics all ABOUT? Chapters 1-6.
Objective 1 Vocabulary. PURPOSES OF BUSINESS O Profit O Money that remains after a business has paid for the expenses of running the business. O Income.
“Click for Instruction “Click here to play.” If you select the correct answer, you will continue to the next question. If you the wrong answer, you will.
ECONOMIC BASICS.
CHAPTER 8 – TYPES OF BUSINESS ORGANIZATIONS. SECTION 1 – SOLE PROPRIETORSHIPS  Characteristics of Sole Proprietorships (single person owned business)
The Economy and You Economics' Starting Points: Wants and Needs.
BUSINESS OWNERSHIP AND OPERATIONS BUSINESS PRINCIPLES A, CHAPTER 6.
STANDARD 1 – WORLD OF MARKETING WHAT YOU’LL LEARN Understand that marketing is all around us 2. Understand the concept of private enterprise 3. Understand.
Marketing Is All Around Us Chapter 1.1. The Reality…  You have been marketed to since you were very young.  You probably know a lot about marketing.
The Purpose of Business. Purpose of Business Businesses fulfill the needs and wants of the consumers by selling goods or services or both. Businesses.
Section 1 A Republican Takes Office
Business Organizations CE.E.3.3 – Analyze various organizations in terms of their role and function in the U.S. economy.
Understand the purpose and the functions of business Purpose and Functions of Business.
1. Understand that marketing is all around us 2. Understand the concept of private enterprise 3. Understand the marketing mix or 4P’s of marketing 4. Students.
© Thomson/South-Western ECONOMIC EDUCATION FOR CONSUMERS Slide 1 Consumer’s Role in the Economy Objectives: By the end of class, students will be able.
ECONOMIC VOCAB TERMS. WHAT IS AN ECONOMY? An economy is a system which tries to balance the available resources of a country (land, labor, capital, and.
Types of Business Organization. Sole Proprietorship Business that is owned and operated by one person Business that is owned and operated by one person.
Basic Economic Concepts Chapter 1. A Look at Wants and Needs Chapter 1 Section 1.
The stock Market Crash of Vocabulary Depositor - A person that puts money into the bank. Borrower - A person that borrows money from the bank. Loan.
Business Plan Project Sophomore Business English Majors Mr. Lee.
Unit 1-What is business formative assessments
Objective 1.01 Understand the purpose and the functions of business
Objective 1.01 Understand the purpose and the functions of business
Presentation transcript:

Purpose and Function of Business Vocab Game Can you get them all right? By Whitney Marshall

To Play: 1. Read the question 2. Try to pick the correct answer 3. If you get stuck, click the help button 4. Good Luck! This is the hint button <-<- Click this to continue -> *Be sure to keep track of how many questions you get right on the first try because it will be used later in the game.*

What are items that are nice to have, but are not necessary for survival? 1. Needs Wants Goods Scenario: Madison wanted the new iPhone that just came out in stores.

What is the process of recording and reporting the financial data (money) for a business? 2. Accounting Profit Motive Management Scenario: Paul decided that he would start working and record all of the companies financial increases and declines throughout the month.

What is money that remains after a business has paid for expenses that run the business? 3. Franchise Profit Motive Profit Scenario: After Sarah made the money back that she had spent for her business, she made an extra $30 that she kept for herself.

What is a contract between a parent company and individual to use the name and sells the goods and services for the parent company? 4. Partnership Franchise Management Scenario: Target has a business in Holly Springs which allowed that business to use Targets supplies and prices.

What is a task that is preformed for a customer? 5. Operations Corporation Services Scenario: Sally has a company come to her house and clean the carpets for her so she doesn’t have to do it on her own.

What is the process of creating, promoting, and presenting a product to the customer? 6. Marketing Needs Human Resources Scenario: The owner of a business paid so he could put his company’s slogan and logo on a billboard.

What are items necessary for existence? 7. Needs Human Resources Goods Scenario: I have water, food, clothing, and a house. These are the necessary supplies for survival.

What is it called when a company is owned only by one person? 8. Consumer Multinational Corporation Sole Proprietorship Scenario: A violin maker has his own company. He is the only one who owns the business.

What is it called when a business’s goal is to provide a service rather than make a profit? 9. Non-Profit Organization Human Resources Corporation Scenario: Goodwill supposedly makes no profit, but in reality the owners receive millions of dollars.

What are the activities involved in the day to day production of a good or service? 10. Management Operations Human Resources Scenario: Billy was testing the quality of the items being shipped.

What is a contest between businesses that sell the same goods/services? 11. Competition Goods Marketing Scenario: There are two kinds of paper towels by two different companies and I can only bye one brand of paper towels.

What is the process of developing & installing computer information systems and applications? 12. Information Technology Corporation Operation Scenario: Jim’s job is to support the computer and what the computer needs to get done. (Ex; maintain network)

What are the activities that deal with hiring and firing, training, and other personnel/employee issues? 13. Consumer Human Resources Partnership Scenario: I had to train the new employees so their job would be done correctly.

What is a business owned by two or more people? 14. Sole Proprietorship Partnership Goods Scenario: My two cousins own a flower shop together.

What is a business that is considered separate from the “owners property” by law? 15. Corporation Management Franchise Scenario: Jim’s business failed, but the bank cannot take personal property away to pay off the debt on the business.

What is a company that does business and has business facilities in many countries around the world? 16. Non-Profit Organization Franchise Multinational Corporation Scenario: Coca-Cola has factories in some countries for a lower price than in America.

What is a person’s incentive to WORK to gain something? 17. Profit Motive Wants Profit Scenario: I want to make money so I work hard and do my job to receive that money.

What are items that businesses sell that are tangible? 18. Wants Goods Operations Scenario: Jim bought a broom from the store so he can sweep the floor on his own.

Who is a person who uses goods and services? 19. Human Resources Consumer Needs Scenario: I bought a hair brush and called a company to cut my hair later today.

What is the process of leading and directing all part of an organization? 20. Management Human Resources Operations Scenario: Joe made major decisions about the company, including what they should spend money on.

Congratulations! You have completed the Purpose and Function of Business Vocab Game.

How did you do? Use this chart to find out! *Didn’t do so well? Click here to try again and maybe get a better score.*here

Can you guess what is behind this puzzle? Click on pieces to delete them and find out what is behind.

If you said that the picture was a building or business you got it right! Now you have your own business to run.

Drag your mouse through the maze. Don’t touch the walls! FINISH BEGINNING Hit the finish wall to complete your game. Start here! ->

Sorry, you lost! Click here to play againhere Click here to go to the credits

Congratulations, You Won! Click here to play againhere Click here to go to the creditshere

Thanks for playing! Questions and hints by: Whitney Marshall Animations by: Whitney Marshall Definitions by: Ms. Balgooyen Images from: Google

Click here to play again Good job! Way to go! You did great! Nice work! Press the esc key to exit the game