Introduction to Business
Marketing
Business CAM
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| 2 | 3 Continue to work on financial statements. You will assess your company's Accounts Receivables and Inventory management. You will need to partner up for this assignment and make sure that you have finished the previous spreadsheet that contains your Current Ratio Assignment from the previous day. Make sure both of your names are on the spreadsheet. Print out and turn in to me.
| 4 Take Quiz 3 Basic Financing from the online tools for Virtual Business Management website Go to the Business Discussion Board and respond to the Chapter 5 Discussion 1 question. Many of us still need to do a better job of thoroughly answering the questions in the discussion as well as giving insight and adding to our fellow students' postings. Some of you are there but many of you can do better. Next Reply to two of your colleagues' postings adding to their arguments by offering additional insight. | 5 Make sure you have turned in your self-assessment of the online discussion from yesterday. Begin Module 1 Lesson 5 in the Virtual Business Management Program. Follow the assignment instructions for setting up a business. Make sure you save your sim as Module 1 Lesson 5 your name. | 6 Continue Module 1 Lesson 5 in the Virtual Business Management Program. When you make it to October, save your SIM Turn in a paper comparing your company with a partners. Which company is in a better position to dominate the market and increase it's profits? Use as many ways to analyze this as you can. Back up everything in your paper with data. The program gives you some ways to analyze the job you are doing as well as what you have learned in class for current ratio, inventory and accouunts receivable analysis. Put the name of the persons' SIM that you compared yours against. | 7 Take Quiz 4 Starting a Business Make
sure that everything is turned in from this week
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| 11 Revenue analysis and Cost analysis for using an e-commerce system. Begin Module 2 Lesson 1 E-Commerce system. Your job is to lease an e-commerce system and see if the cost of leasing the system as well as the cost of hiring aSystems Administrator is justified by the increased revenue generated by doing business with customers who will only order electronically. Follow the instruction given at the start of the SIM and answer the question asked in step five of the instructions. To access the assignment, just click on the assignment icon on the top of the screen. Turn this paper in to me and save your simulation as Module 2Lesson 1your name(first and last) in your folder located in Linux2/business | 12 Revenue analysis for using a Geographic Information Systems Begin Module 2 Lesson 2 Geographic Information Systems. Your job is to lease this system and see if the cost of leasing the system as well as the actions you take because of the information that this system provides you with is cost effective. Don't forget to factor in the cost of hiring a systems administrator in case the system crashes. Follow the instruction given at the start of the SIM and answer the question asked in step six of the instructions. To access the assignment, just click on the assignment icon on the top of the screen. Turn this paper in to me and save your simulation as Module 2Lesson 2your name in your folder located in Linux2/business When you finish move on to next Monday's assignment. At least start the paper. | 13 No School | 14 No School | 15 |
| 16 | 17 Go over e-commerce cost analysis. Telecommuting - You're going to be looking at reducing costs in your business by allowing some of your workers to telecommute - that is they work for you from their home instead of coming into your office. Using June Langhoff's Telecommuting Resource Center web site, write me a one-page paper about the advantages and disadvantages of a business using telecommuters. Begin Module 2 Lesson 3 Telecommuting. Add a telecommuitng system for your office and allow for your employees to telecommute. Follow the instruction given at the start of the SIM and answer the seven question asked in step four of the assignment. To access the assignment, just click on the assignment icon on the top of the screen. Turn this paper in to me and save your simulation as Module 2Lesson 3your name in your folder located in Linux2/business | 18 Discussion on exchange rates, the value of the dollar as supply and demand change. Does America want a strong or weak dollar. For exchnage rates click here. Exchange Rate Problems
| 19 Discussion of exchange rates. Go over problems from yesterday Discuss telecommuters Make sure you have turned in :
| 20 Virtual Business Management - Complete module 3 Lesson 1 Introduction to International Business. Run the simulation until September 1, 2004 Review the Country Data report, specifically the tariffs, exchange rates and history. What are they? Adjust your international prices up to at least 30 margin points. What is the result of this pricing change? How does it affect your market share? Why? Look at your Financials and expand your Revenue and Gross Margin lines to see Domestic and International figures. Notice the effects of your pricing change. Try other pricing strategies - whatever you want. What are the effects of those strategies. Turn in paper addressing these questions. Please be sure to title your paper properly. Missed class and want ot know what a tariff is - click here. | 21 Exchange rate lesson. Go to the exchange rate lesson, read the process and complete the interactive activity. Read the Conclusion and complete the Activity Worksheet in the conclusion. Print out the worksheet and turn in. Exchange Rate Lesson Virtual Business Management - Complete module 3 Lesson 2 Exchange Rates. Follow assignment instruction for this lesson. Make at least five changes to your international prices, noting how it affects your margins. You will need to click on Financials to see the results of your changes. Compare your pricing decisions with a partner. Turn in a paper with the results. Be sure to title the paper. | 22 |
| 23 | 24 Complete Quiz 5 - Information Technology Module 3 Lesson 3 - International Business - You are given the difficult task of deciding where to locate your business. One country is more prosperous with greater demand. The other offers lower wages but less demand. Determine which is which by reviewing the country's data. For this simulation, there are no tariffs - this is a free trade zone. You will partner up with someone. One of you will locate your business in Eastland, while the other in Westland. Run your simulation until October 1st. Compare the wages you paid, the profit you made. Where should you locate your business? Why? What country are most of your customer's located? Based on exchange rates, what country has cheaper labor costs? Turn in this paper with both of your names on it. Don't forget to lease some trucks. Save your simulation Finally, using the Internet, find out what offshore outsourcing is. Next find an example of a compnay outsourcing. Why did they do it, what effects did it have back home? Turn this paper in and title it "OUTSOURCING". A good place to start looking is the EBS website.
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| 26 How do tariffs and exchange rates affect the price of itmes?
Module 3, Lesson 4 - Tariffs & Protectionism. You will face the same location decisions as you did in lesson 3. However this time both countires have placed tariffs on imports. This will affect your chances for profits in each country. You need to look at factors such as tariffs placed on products, exchange rates, location of customers, and wages of employees where you want to locate your warehouse. Well, what exactly is a tariff? Click here to find out. Open up a warehouse in the country of your choice looking at factors such as tariffs and where customers are located. Run the SIM until OCT 1. Compare how you performed in your SIM with a partner. What worked for both of you. What worked well for you that your partner did not do? Please turn this paper in titled as Module 3, Lesson 4. Why do you think some countries have tariffs? What are the ramifications of a country having Tariffs (list both good and bad)?
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| 28 Football at Molalla Module 3, Lesson 4 - Tariffs & Protectionism. You will face the same location decisions as you did in lesson 3. However this time both countires have placed tariffs on imports. This will affect your chances for profits in each country. You need to look at factors such as tariffs placed on products, exchange rates, location of customers, and wages of employees where you want to locate your warehouse. Well, what exactly is a tariff? Click here to find out. Open up a warehouse in the country of your choice looking at factors such as tariffs and where customers are located. Run the SIM until OCT 1. Compare how you performed in your SIM with a partner. What worked for both of you. What worked well for you that your partner did not do? Please turn this paper in titled as Module 3, Lesson 4. Why do you think some countries have tariffs? What are the ramifications of a country having Tariffs (list both good and bad)?
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| 30 | 31 Happy Halloween Module 4 Lesson 1 - Advanced Management-Organization. Hire the right amount of employees at each job so your warehouse runs efficiently. Run the simulation until July 1, 2004 Compare your staffing levels and profits to a partners'. Turn in this information on a paper titled "Module 4 Lesson 1 Organization". The assingment for this module makes the assumption that all employees work like experienced workers and are never lazy. Each employee performs exactly the same. Think about this for a minute. Is there a flaw in this type of thinking? Type up a short paper refuting this assumption and back it up with first-hand experiences that you have had, Have you ever had to work on a project in school with someone and they didn't pull their own weight. Would you have "fired" if you could. Have you ever taken on a new job and found you had to learn the new job before you were as productive as other experienced employees? When finished, begin Module 4 Lesson 2. |
November 1 Compare the cost of "on the job training" vs. hiring more experienced workers. |