Introduction to Business

"It's easy to open a business but it's an art to keep it open" is a well known

• Quote from Bill Gates

• Quote from Steve Jobs

• Chinese Proverb

• Bad Advice

What is Business?

Multiple Answers

• An enterprise that provides goods or services desired by customers

• The best way to become a millionaire

• The best way to retire early

• Is the profit seeking activities that are organized and directed to provide goods and services to customers

Satisfying Staff and Customers is important because?

Multiple Answers

• It directly impacts the efficiency of your company

• The Happier and more satisfied the customers are, the better your performance and profits are.

• The more you'll make and the sooner you'll be able to retire

• You don't have to worry about being sued

Business Exists because of

• Capitalism

• The Customers

• A Democratic Society

• Free Trade

"Companies that fail to adapt to their environment are unlikely to survive in the long run, and tend, like dinosaurs, to disappear." Which of the following are good examples

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Prior to the existence of money, there was _______

• A lot of Theft

• I.O.U's

• Hugs and Handshakes

• The Bartering System

This was the first-ever "Multinational Corporation"

• Apple

• The Dutch East India Company

• Hudson Bay Company

• Microsoft

Prior to the Industrial Revolution, manufacturing was _______
Multiple Answers

• Made By Hand

• Unsustainable Quality

• Expensive

• A very slow process

The Industrial Revolution allowed companies to ___________

Multiple Answers

• Process Material Faster

• Make Better Quality Products

• Make Products in Less Time

• Make Millions!

Early Adopters of the industrial Revolution

Multiple Answers

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