Introduction to Business

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

Name this business innovator.

What about this guy?

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. ?

You must recognize him!

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.

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?

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