1. List and Identify the different types of businesses
Eagle Challenge
Learning Target
List and Identify the different types of businesses

2. What is business?
All of the activities involved in producing and marketing goods and services.

3. Types of Businesses Size and Scope
Large vs. Small – size – small businesses have less than 100 employees, large more.
Domestic vs. Global – domestic market is a single country, global is among nations.

4. Types of Businesses Purpose
Profit (Microsoft, McDonald’s) vs. Nonprofit (YMCA, Boys/Girls Clubs of America)
Public (government services) vs. Private
Public organizations provide a non-profit service or are associated with the government.

5. The Functions of Business
Regardless of the type of business, there are four main function involved in an organization’s operation

6. The Functions of Business
Production – the process of creating, growing, manufacturing, or improving goods and services.
Procurement – involves buying and reselling goods that have already been produced.

7. The Functions of Business
Marketing – all activities from the time a product leaves the producer or manufacturer until it reaches the final consumer.

8. The Functions of Business
Management – the process of achieving company goals by effective use of resources through planning, organizing, and controlling

9. The Functions of Business
Finance and Accounting
Finance involves money management
Accounting keeps track of a company’s financial situation

10. Identify the roles government plays in our free enterprise system
Learning Target
Identify the roles government plays in our free enterprise system

11. Legal and Ethical Issues

12. Government and Laws What You’ll Learn
The roles government plays in our free enterprise system
Identify federal regulatory agencies and laws that protect consumers, workers, investors, and the environment
About the impact of government on business

13. The Role of Government
Provider of Services – military, police, fire, education, transportation, etc.
Department of Homeland Security
Disaster recovery

14. The Role of Government
As a founder of public libraries, the government is acting as a provider of services.

15. The Role of Government
– Regulator -- laws to protect safety, health, and welfare of individuals

16. Protecting Consumers Food and Drug Administration (FDA)
Regulates the labeling and safety of food, drugs, and cosmetics
Consumer Product Safety Commission (CPSC)
Responsible for overseeing the safety of products such as toys, electronics, and household furniture.

17. Protecting Workers Equal Employment Opportunity Commission (EEOC)
Responsible for the fair and equitable treatment of employees with regard to hiring, firing and promotions.
Occupational Safety and Health Administration (OSHA)
Provides guidelines for workplace safety and enforces those regulations.

18. Protecting Investors Securities and Exchange Commission (SEC)
Regulates the sale of securities (stocks and bonds).
Is responsible for licensing brokerage firms and financial advisors.

19. Protecting the Environment
Environmental Protection Agency (EPA)
Protects human health and our environment
Monitors and reduces air and water pollution
Oversees hazardous waste disposal and recycling

20. Enforcer of the Free Enterprise System
Federal Trade Commission (FTC) – has the responsibility of enforcing the principles of a free enterprise system and protecting consumers from unfair or deceptive business practices.
Bureau of Consumer Protection
Bureau of Competition
Bureau of Economics

21. The Role of Government Monitor of Our Economy
To ensure economic stability
Government monitors our economy and controls our monetary supply through the Federal Reserve System (our nation’s bank)

22. The Role of Government Supporter of Businesses – SBA, trade alliances
Click on the SBA logo above to visit their web site to learn about some of their services.

23. Name the 7 Functions
Name the 5 Utilities
What is the Marketing Mix?
What are the 3 different Global Marketing Strategies?
What is the difference between for-profit and non-profit?
What are the 3 different market segments?
What is Market Share? How do you calculate the market share?
What agencies protect workers?
Price Gouging
Whistleblowing
What are the 2 different types of competition?
What is monopoly? What can be a monopoly?
Protect Intellectual Property: copyright, patent and trademark
Domestic vs Global