BA 160:  Module One Review

 

1              World of Business

 

Business:  Know customer needs, difference between consumers & producers

Socialism, capitalism, and communism (lack of consumer goods)

Productivity: more output, less hours of input

GDP (boundaries of country), GNP (citizens of a country/larger of the two)

Inflation, recession, business cycle, federal deficit, and national debt

The basics of supply/demand

What happened during the industrial revolution and during the early 20^th century?

Depression

 

2              Ethics and Social Responsibility

 

Ethics are moral standards

What factors affect ethical behavior?

How can a company encourage ethical behavior?

Whistle blowing

Social responsibility:  arguments for and against

AA and EEOC

Code of ethics

 

3              Global Business

 

Comparative and absolute advantage

Exporting, importing, balance of trade, trade deficit, and balance of payments

Tariffs, import quota, embargo

Growth of international business

Licensing, joint ventures, strategic alliances, multinational firms

 

4              E-Business

 

E business

Internet

World-Wide Web

Reasons for selling on-line and reasons for reluctance

B2B, B2C

Cookie

Partnerships on-line

 

 

Essays  ( I will choose the essay questions from the list below).

 

What are some reasons for a company to maximize social responsibility efforts and what are some reasons for a company to minimize social responsibility efforts?

 

Briefly explain the history of business.

 

Explain exporting, importing, licensing, joint ventures, and multi-national firms.

 

Explain what is required to operate an on-line business.