...BUSN105-1204A-14 Introduction to Business Lakeisha Patterson American InterContinental University Abstract In today’s society thousands of babies are being born every day. Because the economy is still suffering moms are forced to go back to work way before they are ready to. This causes a parent to make the hardest decision of their life. They have to make the decision of putting their child into day care of hiring a nanny. Most parents chose daycare mainly because it is cheaper than a nanny and because it allows their child to learn so much like interacting with other babies their age, learning how to problem solve, share, and it gives them the opportunity to explore so many areas that they may not experience being at home. A daycare is a great example of a for profit organization. The sole purpose of a daycare is to provide quality service and a partnership with the families that are in the center. I have worked as a lead teacher in a for profit daycare for seven years now. I have had the pleasure of learning so much about how the business is ran, what it takes to keep up a daycare and the rules and regulations of having a daycare. I will say it is not an easy task and it takes a lot of research and understanding to keep a daycare up and running. Laws are constantly changing when it comes to providing services to children because of all of the crazy things that people are doing to children in today’s word. The legal and...
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...MOBILE PHONE MARKETING The importance of the Four P’s MOBILE PHONE MARKETING The importance of the Four P’s Robert Otis Introduction to Business: BUSN105 – 1404A - 280 Robert Otis Introduction to Business: BUSN105 – 1404A - 280 Abstract The priority of Robert’s individual project is to explore the marketing mix and components of cellular phones. Proving the four P’s: product, price, place, and promotion, Robert has opened the avenue of cell phone marketing to readers. All details and resource information give evidence to support Robert’s interest in cell phone technology. For example, Robert paraphrases Khazir Awan’s research of price ratios to give further explanation to why prices of Nokia phones rise and decrease. In the defining points of Robert’s paper, he references Cameron Pursell’s levels of product to show the importance of diversity in the promotion of cell phones on the market. Cell phones are an important part of the technological family of communication. Their compact convenience raises product value on the sales market. Various features have been added to increase conformity to today’s trends. Bluetooth capability has given freedom to smartphone consumers. The ability to talk hands free and send files wirelessly have changed the boundaries of cellular communication and technology. Diversity is a major asset to a products face value. For example, Samsung smartphones have three levels of product: core (communicational, and fast computing devices), actual...
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...Discussion Board Unit 3 Busn105/130 Discussion Board Unit 3 1. Competitive Environment is an environment in which businesses compete with one another. 2. Economic Environment is actions of the economy like taxes, recession, and currency rates that affects the economy and everyone in it. 3. Political Environment is the political factors and the government when conducting the risk of business in a foreign country. 4. Technological Environment is a term that refers to adapting to the environment, controlling it or even changing it. 5. Socio-Cultural Environment is a group of factors that determine how individuals and organizations should work together. 6. Demographic Variables means dividing the market into specific groups, using a segmented method. Ex: age, gender, income, religion or race etc. 7. Natural Environment is the federal and state regulations that protect the natural environment that businesses need to consider when working outdoors. Advantages and Disadvantages 1. The competitive environment has many advantages and disadvantages. The more competition hurts the sales and the other companies take some of the market shares. Competitors take away investors and investors do not like to invest in the same companies. Some companies question your products and can damage your reputation. Competition can also be a great motivation for creativity and innovation. Marketing can also increase your sales. 2. The natural environment...
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...BUSN105 – Unit 1 Discussion Board. A Students Introduction To The Discussion Board BUSN105 – Unit 1 Discussion Board. A Students Introduction To The Discussion Board Jay Smith A STUDENTS INTRODUCTION TO THE DISCUSSION BOARD 2 Abstract I would like to introduce myself, my name is Jay Smith, I live in Titusville, Florida where I manage the apartment building in which I reside. I am married now 3 years, have no children – just a fur face Manchester terrier named Louiee. My previous educational background consist of one semester at Daytona State College in 2001, as a Business Major. I have found that sometimes in live – one’s world can change in an instant and the course of the live that you had planned – suddenly changes. And looking back I believe this is what happened to me, as after one semester I chose to drop out and become involved in the local Daytona Area Music and Club scene. The results: A failed musician and a bloody nasty drinking habit. In 2004 I entered Savannah’s Hospital and completed the 28 day program. Since then I have 8 years without a drink. Woot! I love to share my experience, strength and hope with the newcomers, as I have stayed very active in the A.A. program, and most recently I have begun to teach the local Step Study Meetings for the “Celebrate Recovery” group here in town. “Celebrate Recovery” would be considered the Christian based A.A. program, with literature from author Rick Warren, (writer of “The...
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...AMBER CARDWELL BUSN-105 PROFFESSOR CASEY COOTS MANAGEMENT FUCTIONS Abstract Opening a business is a big step for anyone, but actually managing and structuring a business can be difficult. Making sure that you follow through with planning, organizing, leading and controlling one can be difficult. Doing your research is essential to learning how to manage and provide the appropriate information to your employees. There are necessary steps that must be taken in order to achieve success within a business. It is important that management think rationally about problem solving situations, make sure that employees can stay on task, lead a basic formation, and direct the company in an efficient and effective way. When organizing a business you would need to make sure that you entail all processes. There are so many different types of managers and some have different tiers. Information should be passed through the tiers in order to provide efficiency throughout the company. Communication is one of the main roles in establishing a good solid foundation when starting a business. Approaching the manufacturing part of a business and deciding how you would like to manufacture the product needs a lot of researching and planning. Having a plan and making sure that it is carried about by management is very important. Based on the scenario that we have been working on over the last few weeks I chose to go with outsourcing 100%. Based on the information this would be the lowest...
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...Discussion Board Unit 5 Busn105/1304A Discussion Board Unit 5 Describe the challenges that most businesses face as a result of continually changing technology. What is a management’s role in addressing these challenges? Businesses have a lot of challenges keeping up with the newest technologies. Every day there are newer devices that are better and faster. Take the cell phone for instance, the newer cell phones like the blackberry or Nokia Windows are now able to conduct business and are able to send in reports. Technology has come a long way from desk top to laptop to ipads and now cell phones. Even the internet has come so far from dial up. Now you have wireless. Restaurants and hotels allow you to hook up to their internet. It’s a challenge for businesses to keep up. A lot of research goes into what would be better for businesses. Managers need to make sure that the new technology is going to be useful. They need to know that the transitions are not going to affect the business but make it better than it was. It’s definitely a huge job in keeping up with the changing technology and it’s a constant change and very costly too. The managers need to make sure that all personal is also learning the newest technology. Keeping up with changing technology affects everyone in the business. What types of information technology would increase production? Using programmed machines would increase production. Also, using computers and the internet...
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...Legal Forms of Business, The Start-Up Decision Jonathan Mendiola American InterContinental University On-line BUSN105-1201A-282 ABSTRACT The decision to pursue the form of a corporation to start his business is based on the facts provided. The product requires special technology that will be costly. Considering his lack of financial and management skills this would be the best way for his new invention to take ground. Legal Forms of Business, The Start-Up Decision Introduction John Doe (Inventor) has invented an appliance that will meet everyday consumer needs. Although he is skilled at inventing, he lacks the financial and management skills needed to manufacture and market his invention. Thus, he is faced with certain challenges in introducing this new and possibly valuable product. But, John Doe is convinced that his new invention will be more efficient and consumer friendly. Some of the challenges that are foreseen are, funding difficulties, and competition with other similar products currently in the market. His wife is concerned that his invention may not develop and his venture will take a significant amount of time away from his family. In addition, as it stands, the market, using special technology for his invention, is saturated and will have an annual growth of 2%. John Doe expects to see a growth in sales once the product has been accepted in the market place. Because of the diverse technology that is incorporated in this product, the technology...
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...LATESHIA MCDONALD AIU ONLINE BUSN105-1405B-267 Abstract This paper is to bring awareness of mental illness in today’s society and that there are trusted products that can help a person that has a severe mental illness seek the medical treatment in order to get on a path to recovery if that is possible and live a functioning life. With many product treatments on the market a few work that have minimum side effects to the person taking them and the products are covered through medical insurance with little or no co pay. The product Wellbutrin is one of many anti-depressants on the market today that is safe and effective. Wellbutrin I chose this product because I have a 15 year old son who suffers from Bi Polar disorder and this product has been introduced to us to help my son live a normal productive life. Wellbutrin (bupropion) is an antidepressant medication used to treat seasonal affective disorders and major depressive disorders. Mental illness is a medical condition that disrupts a person’s way of thinking, feeling, moods, and the ability to relate to the other people and daily activities. Serious mental illnesses such as major depression, bipolar disorder, schizophrenia, OCD (obsessive compulsive disorder), panic disorder, and post-traumatic stress disorder (PSTD) and borderline personality disorder. Mental illnesses can occur in a person at any age, race, religion, or income. Mental illnesses are not a result of someone being weak or come from a poor upbringing...
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...BUSN105: Scenario You are an inventor who enjoys working around the home, cleaning, cooking, and doing minor home repairs and remodeling. You have little financial skills and no management skills. You have a great idea for a new kind of home appliance that meets everyday consumer needs. Your net worth is not very high so you have no idea if you’ll be able to “fund” this start-up. You know that currently there are similar products that meet the consumers’ needs, but those products are inherently dangerous. You know nothing about manufacturing other than that it costs lots of money to set up a plant. You are convinced that this new technology idea would be applicable in a wide range of other products. Your spouse, knowing how much time this venture will take away from family time, has asked you for an example of what you mean to make sure your idea isn’t some harebrained scheme. You mention the following as two similar ideas that were developed for one application but proved to have VERY widespread applications: a. The “clicker” was initially invented for use with TV’s, but now has widespread applications for a host of electronic applications, just like your technology could potentially do. b. The 3-prong power cord for electrical appliances was invented for higher quality appliances. Lower quality appliances have a 2-prong cord, which is a safety issue. Better quality power cords have the 3rd “ground” wire, so now it has widespread application, just like your technology could...
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...Discussion Board Unit 4 Busn105/1304 Discussion Board Unit 4 Two Challenges that Companies Face in Ethics One of the challenges is the company’s employees. Employees sometimes don’t follow the company’s policies. This issue can be a problem in so many ways. If employees are not following the rules it can reflect on the companies’ credibility. Bad credibility can cause sale loss and the company can lose their credentials. Another issue is the companies themselves. Changes within the company and communication with the employees can interfere. If Companies don’t have all the information and they pass it to the employees it can cause an impact on the ability of the employees to do their jobs. It is very important to make the proper changes so that there aren’t conflicts within the company. Two Challenges in the Area of Social Responsibility Resource investments can be an obstacle for business owners. Convincing investors or shareholders the company is worth investing in. Companies have to educate the shareholders and explain why they would benefit from investing. Another challenge is being successful in programs within the company. Programs that flop can cause company crisis and can result in damaging the company’s reputation. What is Management’s Responsibility in Addressing These Issues? Management has the responsibility to deal with these issues in a professional manner. Researching every aspect of the issues and deciding what would be more beneficial...
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...This paper will discuss the four functions of management, the basic function include controlling, leading, organization and planning. These functions are instrumental when taking on a role as a manager for a business. These functions will help strategize, analyze current issues and business values along with creating and choosing the right resources to achieve the organization goals. Function of Management This paper will explain how the four functions of management are applied to a business. To address these functions as the managers a team would be developed to delivers strategic values and analysis through current issues, identify the present and future objectives, evaluate the activities the company will be involved in. Based on the assessment developed you then would have to make the determination on how the organizational goals will be met and a begin planning on setting standards, creating actions plans to have the best results and achievements. A major part of a business in order to be dynamic is organization; this function needs to a huge focus when strategizing and developing an organization. When identifying the type of functions you need create and establish relationship, develop a public relations/personnel department who will handle the duties of planning, programs and paperwork. To become an effective manager being able to use all resources that can develop the organization to become flexible and particularly capable in responding to the needs...
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...Market Mix: The Best Bang For Your Buck American InterContinental University April 5, 2012 Donald Buehrig Busn105-1202A-269: Introduction to Business Unit 3 Individual Project Abstract In this paper you will see how you can use the market mix to do research on a particular product. Using the four p’s to narrow down your choice in a flooded market makes you realize that everything that we buy has been thru some sort of research on how to appeal to the consumer. Choosing a product is easy, but choosing the right product takes some time to pick what would work best for the situation. This paper shows you that when marketing a product know the environments the surround your customer. For this paper the product was priced with in the budget, had a reliable product, placed in the right graphic area and promoted to the need of the customer. When choosing a product you must consider what the product means to you. I ask myself this question, “why do I want or need this product” before I purchase any large product. Once I answer this question then I start shopping around looking for the product that fits best. I have been in the market for a new trolling motor and decided on the Minn Kota riptide. Let me explain how I used the market mix in making my decision. First I put a limit on the price I was willing to pay for a trolling Motor. I was willing to pay a descent price for a descent product. Now what makes this product a descent product or is it worth the price is...
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...BUSN105 - 1304B - 23 Funding Your Own Business The importance of an investment banker is what they do. They are important due to the fact that they are of services that offer to the economy. They offer advice for economic dealings, for example, acquisitions and mergers for businesses. When a business retails new securities in order to increase funds, the representative has the responsibility to the actual buyer for these securities. The investment banker in turn would purchase securities from business and arrange a speedy resell of the securities to the investor’s bankers in order to, investigate research, analyze, distribute and underwrite. Typically, an investment banker will perform all of these functions, although some investment bankers are experts in certain areas. Investment banking assist in businesses with raising monies. It offers investment opportunities to the person or group of people. Most of the businesses develop consultative services from the investment banker in regards to mergers, divestiture and acquisitions. Additionally, due to the importance of the roles that are played of investment banker, the commercial banks do not execute these roles. (Morrison A. 1997). A stock market is an open market that trades the businesses stock or shares. The stock markets function is where the businesses can raise monies for their business by allotting shares to the investor. Furthermore, whereas the investor can buy or sell these shares. Business in turn will benefit...
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...Assignment List: BUSN105-1202B-291 : Introduction to Business View Printable Page Assignment List Unit 1 - The Business Environment Reading Assignment: Introduction to Business, Chapters 1-4 and Appendix A Assignment Type: Individual Project Deliverable Length: 2-3 pages Points Possible: 125 Due Date: 4/29/2012 11:59:59 PM CT Legal, Social, and Economic Environments of Business Before you begin, review the following resources: Review APA Style Sample Paper here. Complete the APA style tutorial here. Review the Frequently Asked APA Questions here. Read Course Welcome Letter here. Click here to read the scenario. Based on the business scenario you have just reviewed, you will prepare an APA formatted paper that reflects your knowledge of the legal forms of business. Specifically, you will make a management decision regarding the legal form of business you believe would be appropriate to enable the firm to successfully address the business issues it is currently facing. Keep in mind that from a legal perspective, businesses are organized as one of the following: Sole Proprietorship Partnership Corporation Click here if you would like to see a What-If Analysis for this assignment. At a minimum, your paper should include: A brief interpretation of the scenario issues. The advantages and disadvantages of each business type (sole proprietorship, partnership, and corporation) when compared to the issues and each other. ...
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...BUSN105: Scenario You are an inventor who enjoys working around the home, cleaning, cooking, and doing minor home repairs and remodeling. You have little financial skills and no management skills. You have a great idea for a new kind of home appliance that meets everyday consumer needs. Your net worth is not very high so you have no idea if you’ll be able to “fund” this start-up. You know that currently there are similar products that meet the consumers’ needs, but those products are inherently dangerous. You know nothing about manufacturing other than that it costs lots of money to set up a plant. You are convinced that this new technology idea would be applicable in a wide range of other products. Your spouse, knowing how much time this venture will take away from family time, has asked you for an example of what you mean to make sure your idea isn’t some harebrained scheme. You mention the following as two similar ideas that were developed for one application but proved to have VERY widespread applications: a. The “clicker” was initially invented for use with TV’s, but now has widespread applications for a host of electronic applications, just like your technology could potentially do. b. The 3-prong power cord for electrical appliances was invented for higher quality appliances. Lower quality appliances have a 2-prong cord, which is a safety issue. Better quality power cords have the 3 “ground” wire, so now it has widespread application, just like...
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