BUSINESS CPT #1

BUSINESS CPT #1
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  • My ambitions are limitless but I don't have a clue what a business is!
  • There are two type's of businesses: Regional & Global... they fall into different categories: Profit or Non-Profit... they are classified by the different functions it performs in its community
  • If you're wondering how to be a successful business like me, listen closely
  • Is the customer always right?
  • The phrase "The customer is always right" is a guide to leading a successful business.. the marketplace is where consumers and producers come together to trade
  • I should probably tell him I'm a psychic...
  • What are the resources that would be available to me as a business owner?
  • They are also known as "Factors of Production", they consist of natural, human and capital resources
  • The law of demand is the quantity of a product the consumer is willing to buy at a particular price. The law of supply is the quantity of a product that businesses are willing to provide within a range of prices.
  • The simplistic but crucial rules of supply and demand creates opportunities that either will help you thrive or be your downfall!
  • this information I will definitely be at an advantage!
  • or maybe it is common sense...
  • The laws of supply and demand play into how much you charge your customers for your goods or services, using this to strategically plan advertisements and sales will prove to be profitable
  • I'm finally ready to start my business career!
  • Characteristics to develop are: self-confidence, innovative, independence, and most importantly leadership
  • Before starting a business, ensure you have the right characteristics to be an entrepreneur, as the business world isn't for everyone...
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