1. Eagle Challenge
Learning Target: Describe market segmentation methods used to identify target market How to protect intellectual property.
Standard OE3

2. Competition – the struggle between companies for customers. Two kinds:
Price Competition – focuses on the price
Nonprice Competition – factors not related to price such as quality, service, location, reputation.

3. Monopolies
When there is no COMPETITION and one firm controls the whole market.
U.S. Government allows only a few, such as utility companies.
Standard OE3

4. Profit – the money earned from conducting business after all costs and expenses are paid.
Profit is the motivation for taking a risk.
Profits are high when sales are high and costs are low.
Standard OE3

5. Market Share
the portion of a market controlled by a particular company or product
Standard OA5

6. Price Gouging - Pricing products unreasonably high when the need is great or when consumers do not have other choices
Standard OA5

7. Whistle Blowing Reporting an illegal action of one’s employer
is a person who exposes any kind of information or activity that is deemed illegal, dishonest, or not correct within an organization that is either private or public
Standard OA5

8. Math TIME
LT:
Use tables, graphs, diagrams, and charts to obtain or convey information
Standard AD4