Business Questions

THERE ARE 2 ASSIGNMENTS. FOR ASSIGNMENT ONE I ONLY NEED QUESTION 3 ANSWERED AND FOR ASSIGNMENT 2 I NEED QUESTIONS 2 AND 3 ANSWERED. THE QUESTIONS I NEED ANSWERED ARE:   

3. Choose one of the stakeholders and illustrate what effect it would have on the business if they did not fulfill their responsibilities. ( Do Not Use the Example Above for Your Response)

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Explain the difference in each unemployment type.

Give real world examples of each type of unemployment not listed in the text.

THE FULL ASSIGNMENTS ARE BELOW:

(1)

I ONLY NEED QUESTION 3 ANSWERED:

Chapter 1 Stakeholders Identification

Key Stakeholders in a Business

Although you don’t need to have wealth as a primary goal, one result of successfully filling a market need is that you can make money for yourself, sometimes a great deal, by giving customers what they want. Goods are tangible products such as computers, food, clothing, cars and appliances. Services are intangible products (i.e., products that can’t be held in your hand) such as education, health care, insurance, recreation and travel and tourism. A business begins as the result of ideas about a product or service by an entrepreneur. An Entrepreneur is a person who risks time and money to start and manage a business. The entrepreneur organizes, manages and assumes the risks associated with operating a business, better known as the owner. The owner is also known as a stakeholder in a business. Stakeholders are all the people who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address

Example:

A primary challenge for organizations of the 21 st century will be to recognize and respond to the needs of their stakeholders. For an example, the need for the business to make profits may be balanced against the needs of employees to earn sufficient income or the need to protect the environment. Ignore the media, and they might attack your business with article that hurt sales. Oppose the local community, and it may stop you from expanding.

Assignment:
Retype the questions below and then answer each question.

1. List 10 major stakeholders in a business.

· Customers

· Employees

· Stockholders

· Suppliers

· Dealers

· Community Members

· Media

· Elected Officials

· Environmentalists

· Owner

2. Describe their relationships win a business as a stakeholder.

Stakeholders are people who gain or lose by the policies and activities of a business and whose concerns the businesses need to address.

3. Choose one of the stakeholders and illustrate what effect it would have on the business if they did not fulfill their responsibilities. ( Do Not Use the Example Above for Your Response)

(2)

Chapter 2 Types of Unemployment

Types of Unemployment

Chapter 2 discusses economic growth and how it affects business performance.  Economic growth is an increase in the overall level of economic activity. This is a critical factor influencing business performance. Two key indicators  of economic growth are total expenditures, called aggregate expenditures and total production, called gross domestic product (GDP). An alternative indicator of economic growth is the level of unemployment. The overall unemployment rate reflects four different types of unemployment.

EXAMPLE:

Question 1. What is unemployment?

Answer 1. An economic condition marked by the fact that individuals actively seeking jobs remain unhired.

ASSIGNMENT:

Find and list the four types of unemployment.

· Frictional

· Structural

· Cyclical

· Seasonal

Explain the difference in each unemployment type.

Give real world examples of each type of unemployment not listed in the text.

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