Reference no: EM133183034

Business Questions:

1) Explain the difference between needs and wants? Can something be both? Explain. 

2) Distinguish between fads and trends, and explain their effect on business.

3) Explain how the supply and demand of a product affect its price.

4) Identify two companies in direct competition and two in indirect competition. 

5) Draw and label Maslow's Hierarchy of Needs.

6) Name a local sole proprietorship, partnership, corporation, cooperative and franchise. Explain why that type of business is best for that type of business. List 2 advantages and 2 disadvantages of each of the 5 forms of ownership.

7) Distinguish between Public, Private and Crown corporations.

8) Define ethics, social responsibility, code of ethics, and whistleblowing.

9) Describe the ethical decision-making process.

10) List 3 advantages of international trade.

11) List the 6 Factors of Production.

12) List the 6 types of natural resources.

13) List the 2 types of raw materials.

14) List the 2 types of labour.

15) LIst the 2 types of capital.

16) What is management?

17) Describe the role of HR in a business.

18) What are the 5 functions of HR?

19) List 3 methods of compensation, and state one advantage and one disadvantage of each.

20) List the 4 functions of management.

21) List the 3 levels of management.

22) List 3 managerial skills.

23) List 5 types of managerial problems.

24) List the 3 leadership styles.

25) Using the marketing strategy, make a pitch for a new watch that will appeal to teenagers. Include price, style, location, and promotion.

26) Define and explain the 4 P's of marketing.

27) Diagram and label the product life cycle. Identify a product that is currently at each stage in the life cycle.

28) Describe the difference between a slogan, logo and jingle. 

29) Explain the difference between primary and secondary data.

30) List the advantages and disadvantages of the different types of advertising media.

31)  article that discusses your " top ten money management tips".

32) Distinguish between the three types of personal expenses and provide 2 examples of each.

33) Distinguish between a Schedule I and Schedule II bank.

34) Describe how banks make money.

35) Outline the difference between debit and credit cards.

36) Your friend has $5000 to invest. Explain the different types of investments they can choose from.

37) Define interest; describe the difference between simple interest and compound interest.