Marketing

1. Due This Week: • Vocab & Assess Due Friday! • Unit 2 (Chap 3 & 4) Test Friday Week February 24, 2014– February 28, 2014 Marketing DECA NEWS: Meetings held second Thursday of each Month – Are you officer material? Get your application today! Seniors – get your scholarship forms today! Relay for Life is on the way – Join the DECA team today! Volunteer for the Home Show and for Cyber Night! Sign ups available now!

2. Early Work: What is an ECONOMY? • Today’s Objective: Understanding Economics • Activities • Vocabulary • Unit 2 introduction - Economics • Chapter 3 – PowerPoint & Notes • What is an Economy? • Understanding the Economy • How will you invest the money you have saved? • Worksheet on Economic Risks & Rewards • Homework: Prepare for Test Friday - Vocabulary ☞Point of the Day: Different Economies have different amounts of economic resources. “Success is a function of Relationships.” Monday, February 24, 2014 Magic Monday Morning – Manners Moment

3. “Always ask of others – ‘What do you think’?” • Early Work: What are the four (4) Factors of Production? • Today’s Objective: Understanding Economics • Activities • Vocabulary & Reviews – Complete in your composition book • Unit 2 introduction - Economics • Chapter 3 – PowerPoint & Notes • What is an Economy? • Understanding the Economy • Case Studies (67) & Role play (81) • Chapter 4 – PowerPoint & Notes • International Trade • Global Marketplace • Worksheet on Globalization • Homework: Read Chapters 3 & 4 – study for test Friday ☞Point of the Day: An Economy is the organized way a nation provides for the needs and wants of its people. Tuesday, February25, 2014 Tough Tuesday – Name that Company

4. Early Work: What are the eight (8) economic measures that determine a nation’s economic strength? • Today’s Objective: Understanding Economics • Activities • Vocabulary & Review Due Friday– test Friday! • Chapter 4 – PowerPoint & Notes • International Trade • Global Marketplace • The Story of Three Economies • Teams assigned– Develop your country – See Handout • Be prepared to present at end of class • Homework: Read Chapters 3 & 4 – study for test Friday ☞Point of the Day: The three questions that define an economy are what will be produced, when it will be produced, and for whom will it be produced? “Rule #1 – Never lose money. Rule #2 – Never forget Rule #1! ~ WB Wednesday, February 26, 2014 Wicked Work Wear Wednesday & Role Play Day!

5. Chance is always powerful. Let your hook be always cast; in the pool, where you least expect it, there will be a fish. • Early Work: Newspaper Day – The Free Lance Star What is the difference between and Absolute and a Comparative Advantage? • Today’s Objective: Understanding Economics • Activities • Vocabulary & Review due Friday • Further discussion of Unit 2 – Questions? Comments? • COW in the Room • Group Assignment – Global/Custom – and present • Individual Assignment: Complete & Turn in • Page 80, #13, 14, 16 • Page 104, #12, 13, 15 • Homework: Read Chapters 3 & 4 – study for test Friday ☞Point of the Day: International trade in necessary because of the interdependence of nations and it benefits consumers, producers, workers, and nations in different ways. Thursday, february27, 2014 Thundering Thursday – Share a Weird Fact today!

6. People seem not to see that their opinion of the world is also a confession of their character. • Early Work: What is the difference between globalization, adaptation, and customization? • Today’s Objective: Understanding Economics • Activities • Unit 2 Test – Please complete and turn in to teacher. • Journal – “Why I enjoy living in a Capitalistic nation OR maybe something else would be better?” • Case Study pg 87 & Role Play pg 105 – read, review, & summarize your ideas and answers. Turn in to teacher. • Homework: None for today – have a great weekend! ☞Point of the Day: Businesses can get involved in international trade through importing, exporting, licensing, contract manufacturing, joint ventures, and foreign direct investments Friday, February 28, 2014 Foxes Friday - The Week’s Wrap-Up & Good News!

7. Review Facts & Ideas – Pg79- #2-9& Pg103- #2-9– due Friday! Vocabulary • Economy • Resources • Factors of Production • Infrastructure • Entrepreneurship • Scarcity • Traditional Economy • Market Economy • Command Economy • Productivity • Gross Domestic Product • Gross National Product • Inflation • Consumer Price Index • Producer Price Index • Business Cycle • Expansion • Recession • Depression • Recovery • International trade • Imports • Exports • Absolute Advantage • Comparative Advantage • Balance of trade • Free trade • Tariff • Quota • Embargo • Protectionism • WTO • NAFTA • EU • Licensing • Contract manufacturing • Joint venture • FDI • Multinationals • Mini-nationals • Globalization • Adaptation • Customization

8. Understanding Economics in Organizations • Investigate the nature of economics, economic activities, and economic resources. • Describe the effects of competition in for profit and not-for-profit organizations. • Describe the relationship between supply and demand and its effect on price. • Compare different types of business ownership. • Explain the role of profit in private enterprise. • Explain the effects of economic change on business and employment. • Analyze the role of government in business and the economy • Compare and contrast the economic systems. CTE Competencies Linked to SOLs Objectives for the week – TSWBAT:

9. Unit 2 discusses some of the most basic principles of economic and political systems. Today, business is becoming increasingly international. What a country makes, when it makes it, and for whom these products are made help us understand the economies of the nations in our world. In the United States, the Free Enterprise System of Capitalism rules the way we do business with the focus always on the customer’s wants and needs. Making it Real – Your weekly Activity

10. Group Wednesday & Thursday Activities Wednesday– The Story of 3 Economies Capitalism – Socialism – Communism You are the leaders of a small developing country of your assigned economy. You have the natural resources of fresh water and natural gas. Your major agricultural products are corn, soybeans, and citrus fruits. 1/3 of the population lives well, the rest live in poverty. Use your economic system to make decisions on what to produce, how to produce it, and how to distribute what is produced. Come up with a name for your country, on what continent it is located, the type of land. Draw it out and color, showing land area and uses on paper provided and be ready to present to class. Thursday– Change to Suit & How? Your team has been asked to determine how to adapt your products to the countries that these products are being exported to. Referring to the information you have learned in Chapter 4, describe how each product – with a focus on all UTILITIES – will be globalized/adapted/customized to excite the world market. Using the paper provided, write an opening statement about each product, then diagram how each utility of the product will be globalized/adapted/customized for the foreign customer. Color your diagram and be ready to present to the class. (ipad*Campbell’s soup*Ford Focus*Carhart coat*Okabashi)

11. R-E-S-P-E-C-T EVERYTHING!!! • Your supplies – bring your stuff every-day! Bring your book every-day! Bring your notebook & composition book every-day! Bring pen/paper/thinking cap/open mind ever-day! • Place all bags on the floor under your table! • Wait for Teacher instruction before beginning activity! • Passes out of Class - No Exit First 10/Last 10 • One person out of room at a time • Pass Board – USE IT! • Keep it short! • Stay in your seat until you are dismissed from class – the bell tells Teacher when class is over; Teacher then dismisses you. • No talking while Teacher or others have the floor. • Watch your language and mind your manners, please. • All School Rules will be followed without question. Classroom Proceduresthings you have to do!