Opening Activity Wednesday Nov, 22

If goods were sold only for cash, prices would be lower and everyone would be better off. Agree because the more money people have the less of the value it is. When people have too much money it'll soon be worth nothing.


"If I can't pay for something, it means I can't afford it, so I won't buy it."   Agree because if you cant afford it then you shouldn't buy it and make your economical struggles worse.


"I buy on credit whenever I can because credit increases sales and is good for businesses." Disagree because you also have to pay for interest so buying without credit is better.


"You should use credit sometimes: it helps you establish a credit rating, which may be useful in case of an emergency." Agree, because it does help with credit rating but use it only during emergencies and when you don't have any cash

Opening Activity Friday, Nov 18

Planning: It is the basic function of management. Organizing It is the process of bringing together physical, financial and human resources and developing productive relationship amongst them for achievement of organizational goals. Staffing: is the function of manning the organization structure and keeping it manned. Directing: is the part of managerial function which actuates the organizational methods to work efficiently. Controlling: implies measurement of accomplishment against the standards and correction of deviation. The advantages are that they help to make a good business but the disadvantages is that is might take a lot of time to do it right.

Opening Activity Thursday Nov, 14

Our business launched yesterday, we have made more posters to put up on the school walls and have a Facebook page ready to go. We are also thinking of more ways to advertise our business to people. Everything is going well although we currently have only one customer that wants a website. To me I believe that we a doing fairly well because we have one customer after the day we launched. The only thing that I wished went better would be if more people bought from us on our launch day. 

Opening Activity Wednesday Nov, 16 2011

One product that is in the declining stage is a 35mm camera. Why I think this product is not very successful is because its abit too small, but what I would do to improve this product is maybe add cool features to it like a locator in case you lose the camera from how small it is, or where you can directly add photos or videos to YouTube and Facebook. Another recommendation to make people want this product is the camera should have huge disk space like 5-10GB of pictures or videos.

Opening Activity Tuesday Nov, 15 2011

What I liked about PYP is the templates and how the pictures can be arranged and rotated on the page. What I wished was different was that the pictures would fit on all sizes and not be blurry. They would appeal to people who like hockey, the NHL and the Calgary Flames. I could market them by asking people what players they like in the National Hockey League and put they top players on the yearbook. 

Opening Activity Thursday Nov, 10 2011

The worst ads are the ones that are irrelevant to what they are trying to sell. It makes no sense to make an ad that doesn't talk about their product. Example: http://superbowlcommercials.tv/2873.html  The ads that I like are the ones that actually talk about their product. Like this one: http://www.youtube.com/watch?v=jOukB0_5sEs or this ad: http://www.youtube.com/watch?v=SKIQ0YWL0xs&feature=relmfu These ads actually talks about the car and what it does. It makes perfect sense because it talks about the specs of the car.

Opening Activity Wednesday Nov, 9 2011

I liked the Volkswagen ad because they are proving that people want to have fun, "living in the fast lane", which is referring to their vehicles. They are trying to say that if people want to have fun then they should buy a Volkswagen. How they were trying to say this was by making a slide on the stairs in a mall and the people that like to have fun went down the slide. The other people took the escalator or stairs down. Another meaning that they meant by the slide is that their vehicles are fast yet efficient. Proof of that is the slide got the people down faster, but it took less work to do it, all the people had to do was sit on the slide.

Opening Activity Tuesday Nov, 8 2011

I think from the bottom of my heart that they are absolutely right about everything they said about the generation Y. But I have to admit, there were a few things that I did not understand about what he said in the video we watched. But overall it was very good. You can use customer behaviour in many different ways to get better result in terms of finance. And this means making more money which is the principal goal of a business.

Opening Activity Monday Nov, 7 2011

This teaches me that people tend to judge businesses by the looks of it. With businesses they might not look like a good business until people get great customer service. In my opinion that is how a business becomes successful, if the customer service impressed someone, then there is a high chance that the person would tell his friends and family about it. The more people know about it the more customers that company would get. Also it a customer received great customer experience that person if most likely to come back to that company.

Opening Activity Thursday Nov, 3 2011

Yes i think it is possible, as long as you don't lose money. I mean a business can run very well, maybe doesn't make a huge profit but still it's not like the business is going down. It is possible for a business to make just enough money so the business does not shut down. You know enough money like a breaking point.

Opening Activity Wednesday Nov, 2 2011

Cash: A current asset account which includes currency, coins, checking accounts, and undeposited checks received from customers. The amounts must be unrestricted. (Restricted cash should be recorded in a different account.) Petty cash:A current asset account that represents an amount of cash for making small disbursements for postage due, supplies, etc. Temporary investments:A current asset account which contains the amount of investments that can and will be sold in the near future. Inventory:A current asset whose ending balance should report the cost of a merchandiser's products awaiting to be sold. The inventory of a manufacturer should report the cost of its raw materials, work-in-process, and finished goods. The cost of inventory should include all costs necessary to acquire the items and to get them ready for sale. Supplies: A current asset representing the cost of supplies on hand at a point in time. The account is usually listed on the balance sheet after the Inventory account.