1. Business Activities
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2. How to Define Business
Business is any commercial activity that seeks profit by providing goods and/or services to others in exchange for money.
Wants and needs are provided by businesses.
Businesses can provide consumers or other businesses with goods and services (Business to Business)
PROFIT
Profit is the money left over after a the cost of doing
business has been paid.

3. Business
Businesses provide goods and services with the motivation of making profits.
Businesses benefit the entire community
Businesses pay taxes (think public wants)
Businesses employ people

4. Business’s Motivation
Companies thrive on competition
the contest between businesses to win customers.
Who is Carmines competition?

5. Significance of Competition
Cheese lovers’ tastes are changing to specialty cheeses. While cheddar and mozzarella are mainstays, sheep’s and goat’s milk cheeses are moving straight ahead to your nearest deli counter.
Imagine you want to become a cheese maker. What kind of cheese would you make. Why?

6. Significance of Competition
Competition is possible because companies have the freedom to produce the products they think will be the most profitable.
When shopping, if you are deciding between two similar items, what properties do you use to compare the two items?
Consumers look to find the best quality products at the lowest prices.

7. Significance of Competition
Businesses must compete to satisfy consumers by providing quality goods and services with outstanding service at competitive prices.

8. Business Activities EVERY business performs the same six activities:
Identify opportunities for products or services
Evaluate the demand for products or services
Obtain start-up money and operating capital (money to allow daily business operations to continue)
Manage the production of goods and/or services
Market the goods and/or services
Keep records to satisfy government requirements and improve business processes

9. Role Play #1
Pair up (at least one person needs to have their Chromebook )
Situation   You are an assistant manager for a company that makes household appliances. Your manager has asked you to put together a presentation about the activities of business for its new sales associates.
Activity   Prepare a presentation that describes all of the activities that businesses undertake in order to sell products and services. Use the internet to find images that represent all of the activities, and include the images in your presentation. Then give the presentation to the sales associates (classmates).
Evaluation   You will be evaluated on how well you meet the following performance indicators:
Explain the motivations of business
Describe business activities
Discuss how competition impacts the company’s decisions.
Prepare a presentation.