Introduction to Business

Businesses exist to make a (a)   by providing goods or services which satisfy consumer needs and wants​.

Name this business innovator.

(a)  

What about this guy?

(a)  

Answer explanation

Henry For produced an affordable car with a company that paid high wages and helped create a middle class in the U.S. ​

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Businesses need you to

a. make a profit

b. help them grow by demanding their products and services​

c. ?

(a)  

You must recognize him!

(a)  

Answer explanation

Bill Gates developed an interest in personal computing when it was in its infancy.​

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Sensing the enormous potential in the industry, he dropped out of Harvard and worked on a programming language for computers, and within a year 'Microsoft' was born. ​

Guess what company this logo is for.

(a)  

Answer explanation

Sam Walton was the founder of Wal-Mart which brought low prices to small cities and began the process of changing the retail sector.

Maybe you've eaten at one of his establishments?

(a)  

Answer explanation

Ray Kroc created a restaurant empire that revolutionized the food-service industry based on high standards of consistency, service and efficiency.

(We'll be watching The Founder later in the term.)

What do you think the primary benefit of businesses are?

• To provide goods and services to consumers

• To provide employment for people

• To fuel the economy

• To drive innovation