Economics Final by Kacie Lor https://padlet.com/200514534/bse5g98fcgnf Kacie Lor en-us 2017-12-15 17:28:28 UTC 2025-11-14 02:28:30 UTC hello@padlet.com 200514534 https://padlet.com/200514534/bse5g98fcgnf/wish/216572280 2017-12-15 17:45:12 UTC https://padlet.com/200514534/bse5g98fcgnf/wish/216572280 2) 3 business or economic concepts I learned from my group's business project 200514534 https://padlet.com/200514534/bse5g98fcgnf/wish/217775019 1.  Product Concept Statement
2. Business Plan
3. Financial Accounting ]]> 2017-12-21 19:07:07 UTC https://padlet.com/200514534/bse5g98fcgnf/wish/217775019 3) Explanation of 3 chosen concepts 200514534 https://padlet.com/200514534/bse5g98fcgnf/wish/217776553 1. For this you have to make sure you establish the product that will work for your customers.
2. It is good to have a plan made for your product. In the plan you can include an introduction, business analysis, trading area, business location analysis, proposed organization, proposed product, proposed pricing policies, business promotion, sources of capital, and a repayment plan.
3. This is a part of concept statements in which deals with all the financial and money.]]> 2017-12-21 19:15:55 UTC https://padlet.com/200514534/bse5g98fcgnf/wish/217776553 4) Description of group's business and summary of business plan 200514534 https://padlet.com/200514534/bse5g98fcgnf/wish/217778887 In my group, we are selling hot sauce. We are young adults who strive to sell the spiciest hot sauce ever made, combined with ghost, carolina, and orange habanero pepper, we are here to make sure that memories are made. 

Our business is located in L.A. We are working with La Palma Mexican Cuisine. Our product is called Hell's Fire Hot Sauce. For our proposed pricing, we are selling one box (one dozen) for $200. One bottle although will be around $20. Since we are working with the La Palma Mexican Cuisine in L.A, we will advertise there. We will also use social media to spread our hot sauce. In the restaurant, we will feature hot sauce challenges using our hot sauce. If needed we will use loans and our repayment plan will be monthly payments.]]> 2017-12-21 19:27:17 UTC https://padlet.com/200514534/bse5g98fcgnf/wish/217778887 5) Business Video 200514534 https://padlet.com/200514534/bse5g98fcgnf/wish/217782067 2017-12-21 19:43:03 UTC https://padlet.com/200514534/bse5g98fcgnf/wish/217782067 6) Explanation of how the video does apply to my group's business 200514534 https://padlet.com/200514534/bse5g98fcgnf/wish/217782257 RisingHy is also a hot sauce brand and just like with my business, RisingHy also teamed up with another company and together they are helping each other. Hell's Fire Hot Sauce works with a restaurant located in L.A called La Palma Mexican Cuisine.]]> 2017-12-21 19:44:11 UTC https://padlet.com/200514534/bse5g98fcgnf/wish/217782257 7) 3 Investment Concepts 200514534 https://padlet.com/200514534/bse5g98fcgnf/wish/217782725 1. Understanding the difference between investing for growth and investing for income
2. Understanding stocks and bonds
3. Understanding the importance of time]]> 2017-12-21 19:47:26 UTC https://padlet.com/200514534/bse5g98fcgnf/wish/217782725 8) Explanation of an Investment Strategy 200514534 https://padlet.com/200514534/bse5g98fcgnf/wish/217783426 Exponential growth is a powerful investment when relating with time. It is better to start investing early for your retirement earnings. This illustrates the importance of time.]]> 2017-12-21 19:52:19 UTC https://padlet.com/200514534/bse5g98fcgnf/wish/217783426 9) Two Publicly Traded Companies 200514534 https://padlet.com/200514534/bse5g98fcgnf/wish/217784304 1. Walgreens Co. - By December 20,2017, Walgreens investment has gone up to $930,816.00. In 1972 it had an investment of $2,675.00.
2. Best Buy Co., Inc. - The investment rate of Best Buy is going up by 23%. Best Buy has an annual revenue of $40 billion.]]> 2017-12-21 19:58:45 UTC https://padlet.com/200514534/bse5g98fcgnf/wish/217784304 10) Comparison of the two companies 200514534 https://padlet.com/200514534/bse5g98fcgnf/wish/217785713 For short term investment, it is better to invest to Best Buy because their rate is always going up and has more money compared to Walgreens. ]]> 2017-12-21 20:19:33 UTC https://padlet.com/200514534/bse5g98fcgnf/wish/217785713 11) News Article for Company 200514534 https://padlet.com/200514534/bse5g98fcgnf/wish/217785899 2017-12-21 20:21:33 UTC https://padlet.com/200514534/bse5g98fcgnf/wish/217785899 11) News Article for Company 200514534 https://padlet.com/200514534/bse5g98fcgnf/wish/217786175 2017-12-21 20:24:29 UTC https://padlet.com/200514534/bse5g98fcgnf/wish/217786175 12) How can a prospective college student eliminate some of the tuition costs of going to college? 200514534 https://padlet.com/200514534/bse5g98fcgnf/wish/217786302 To eliminate tuition costs of going to college, a college student can apply for scholarships. They can also apply for financial aid, grants, and loans. If they can't apply for any reason, they can also go to a community college first to help save some money as going to a community college is just as well as any college because you are able to transfer out of the community college and into another college or university. There are also such things as work study where you work to help pay for your school tuition. You can also have another part time job on the side to help pay for other living expenses. ]]> 2017-12-21 20:25:26 UTC https://padlet.com/200514534/bse5g98fcgnf/wish/217786302