IntroToBusiness
Storyboard Text
- We are at the peak of our economy, things could not be better. Our company is doing very good.
- Things are going downhill, we cant keep the selves stocked anymore, we are going to have to let people go
- We have hit the bottom of the slope. I lost all my employees and the company is no longer making enough money.
- The company is in recovery , we are able to hire more employees, and the economy is growing. Production is high and our output of product is increasing
- The company is at a peak, the economy is doing very well, everyone is making good money. There is an increase of income and business owner and investors are happy.
- We are going to have to find a middle ground between our supply and the demand of the community, finding a middle price will still make us money and have people buy our product
- The company has hit recession, the economy starts to go downhill, prices go down and companies don't make as much money. This is when people start to lose their jobs and the economy continues at a downhill slope.The depression, there are no jobs people aren't being hired, the company isn't making money, the economy is failing. They are at the bottom of the slope
- Market- little government interference, supply and demand
- Mixed- under strict government control, business can still earn profit
- Traditional- based on goods and services, highly sustanable, farm work
- Command- Mainly controlled y government, power is centeralized
- During expansion/recovery, the economy starts growing rapidly again. Hiring more people, production and the output of it all increase during this time.
- The company needs to start selling more things that people need. Only selling wants doesn't bring as much business because not everyone buys all the things they want, they may put their needs first
- With supply and demand you have to find a middle point between what you want to charge for your supply and what the community wants to pay for your product. Finding a middle ground will make the community want to purchase and you will make more money.
- Societies or governments organizing and distributing goods and services across countries.
- Want- A want is something that is not necessarily needed but desired by an individual.Need- A need is something that is necessary for a person, like food or water, clothing and shoes
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