I.O.
Name
___________________
I.
________________ is Involved in ______________
A.
______________ have Needs & Wants
1.
____________ – person or organization ________ a need or want.
2.
___________/___________– the person or organization that ___________ a
need or want.
3.
Doing _________________
a.
______________ in a business ____________.
b.
______________ your needs and wants.
4.
___________________
a.
An _____________ of values (__________).
b.
__________ act of doing business.
B.
To Be _________________ in Business
1.
A business must _________ the _______ of its ____________.
2.
_______________ must feel that they are receiving a ________ _______________
of value.
3.
Money is usually _______________ to meet a need or want.
4.
Businesses _________ money to ________ money.
C.
_____________Customers Needs & Wants
1.
Purchasing necessary ____________.
2.
__________ necessary to complete the action.
3.
__________ of going out vs. cost of purchasing all goods to make
dinner. (hamburger situation)
4.
Going out to eat may _________ your wants and save you the following:
a.
______________
b.
______________
c.
______________
d.
______________ _________________
II.
An ____________ Look at Business
A.
_________________ of a Business
1.
A ___________ to do business.
2.
______________ to do the work of the business.
3.
A ______________ or service to sell.
4.
_______________ to support the operation of a business.
5.
_________________ to purchase its goods or services.
B.
A Business _____________ an Investment
1.
________________
a.
Def.
– To ____________ full or partial _____________ in an entity in exchange for
some value.
b.
Investing is the _______ step of a proprietor.
c.
______________ – owner of a business.
d.
Things you will ___________:
1)
___________
2)
___________
3)
______________
4)
_______ ________
2.
______________
a.
Def.
- the chance that something ____________ might lead to a _______ or be _______.
b.
Examples of ______________:
1)
Owner could lose the _____________ put into the business. (______________)
2)
They could lose the amount of _________ the business will receive. (___________)
3)
Will they be able to sell ____________ products to pay for all supplies
and costs?
4)
Will there be any money _____ _____ so the owner can live?
3.
______________ of Money and Other Resources
a.
In a specific business money has a ___________ flow.
1)
____________ money from customers.
2)
Pay ___________.
3)
Pay _____________.
4)
Employees _____ groceries, etc.
5)
Employees ______ or ______homes.
6)
More businesses are ___________.
b)
World of business circulates money to the ____________ of
everyone. Money _________ by a business
is ___________everywhere.
III.
__________ Involvement in _____________
A.
Becoming a ___________
1.
You __________ goods to _________ your own needs and wants.
2.
Businesses need _______as _____________.
a.
Your value is your _______ & _________.
b.
The higher ___________ of your skills, the ________ your time is __________.
c.
_________ grows with ______________.
d.
Example:
1)
________– special kind of work (Carpentry)
2)
_____________ – person who is learning a skill while ___________ with
an _______________worker.
3)
_________________– A worker who has _____________an
apprenticeship. (Paid at a _______
________than an apprentice.)
B.
Your Investment
1.
As an _______________ you make your own investments in the world of
work. (Your _______________ & job ______________ are investments of _________
and ____________.)
2.
The ___________the investments you make in developing your work skills,
the ___________your
_______________.
3.
______________– your first job, a beginning point through which you
will ________ to build your future.
4.
__________to the ___________of
Business –
putting __________and ___________ to work to create opportunities.