Sunday, June 19, 2011

Marketing - Selling

We have finished all the course material for the year.  The last major topic we cover was Marketing.  As a class, we broke down each of the 4 P's of Marketing in detail; Product, Promotion, Place and Price.

Which P do you find the most interesting? Why? Describe some of the important business activities or decisions that need to be completed relating to your selected "P."

Looking back at the entire semester, consider all of the topics we have learned about. Perhaps look back at all of the questions you have answered on the blog. What topic was your favourite or did you understand the best?  Why?

Monday, June 13, 2011

Human Resources

During our discussion of Human Resources (HR), five HR key activities were outlined.  They were;
  1. Recruiting Employees
  2. Selecting Employees
  3. Training and Developing Employees
  4. Assessing Employees
  5. Compensating Employees
After considering each of the five and their different components, which of the tasks is most important in order for a business to be successful. Select the one, explain it fully and why in your opinion it's the most important?

Wednesday, June 1, 2011

Types of Businesses in Canada

We have talked about the different forms of business ownership in Canada and discussed the industries those businesses participate in.  If you could start-up your own business, what type of venture would it be; a sole proprietorship, a partnership or a corporation?  Why do you prefer one type over the others?  Consider our discussion of industries; what industry would your business be a part of and why?

Tuesday, May 17, 2011

SMART consumer wrap up!

You just finished working on your culminating project for the year. Congratulations!  Tell me about what you learned.
  1. What product did you do and why did you select it? What brands did you compare?
  2. Based on your research, what brand should consumers buy? Why?
  3. When buying this product, what is the most important piece of information to consider?
  4. Any surprising findings or interesting conclusions?

Sunday, May 1, 2011

Are you a SMART Consumer?

During the last two weeks we have talked about the products we buy and why we buy them. We have also discussed ways to saving money and make smarter purchases. Please answer the following questions to show your understanding of the lessons;
  1. Name a brand or specific brand-name product you or your family always purchases over other competing products?  What is it about the product that makes it so much better?
  2. Think of a time when you or your family used the ideas in the "When to Buy" lesson. What was the product(s), what money saving strategy was used (comparisons shopping, coupons and buying second hand), where was the product purchased? 

Sunday, April 10, 2011

Fads, Trends and Niches.

To wrap up our class discussion of the PLC, we have learned about fads, trends and niche products.  
  • What fad products do you remember or spent money on?
  • Are there any trends you or your family are following?
  • Do you or anyone you know have hobbies or interests that require specialized or niche products?

Friday, March 25, 2011

Product Life Cycle Key Terms

Over the last week we have introduced the concept of the Product Life Cycle.  The class discussion focused around some key terms;
  • Invention
  • Innovation
  • Obsolete
Can you think of products or services in your home that are good example these terms?  Please include a brief explanation with each example to illustrate your understanding.