Describe how government policies affect businesses including spending, interest rates, and regulations
Identify and describe issues and trends in business
Identify conflict management strategies to resolve workplace conflict
Compare advantages and disadvantages of different configurations of businesses, including sole proprietorships, partnerships, corporations, franchises, and cooperatives
Explain how a business’s structure affects management decisions
Classify various businesses according to whether they market goods, provide services, or a combination of the two
Explain the principles of supply and demand
Explain the importance of using different marketing strategies for goods and for services
Explain the importance of developing and organizing a successful business plan
Describe the process of developing a business plan
Identify the components and format of a business plan
Explain the advantages of a well-prepared business plan
Identify types of assistance offered to new or proposed businesses by local, state, and federal agencies
Develop a business plan for a proposed business
Explain the importance of organizational skills needed to manage business operations and maintain an orderly flow of work
Examples: maintaining schedules and calendars; organizing documents, forms, and manuals; following workplace policies and procedures
Describe characteristics and actions of the successful entrepreneur
Discuss the ethical responsibilities of consumers and businesses in commerce
Examples: Identify consumers’ legal accountability associated with credit, consumerism, and insurance
Describe the impact of international business activities on the local, state, and national economies
Trace the history of U
Identify small business opportunities in international trade
Identify and discuss legal issues related to government regulation of commerce and the potential effect of these legal issues on consumers
Describe procedures for documenting compliance with law, rules, and regulations
Describe procedures a business would use in a variety of business law cases
Examples: filing a suit, filing for bankruptcy
Distinguish between civil law and criminal law
Identify different areas of civil law that impact business
Examples: tort, contracts, property law
Describe types of crimes committed against businesses
Examples: arson, forgery, embezzlement, computer crimes
Describe the primary functions of management, ways of implementing them, and their integration within the business environment
Differentiate among the planning, organizing, leading, and controlling functions of management
Explain how effective decision-making skills can influence business decisions in a variety of areas
Examples: product development, marketing, distribution, insurance, organizational development
Interpret research results to determine factors and trends affecting recruiting, training, and retention of employees in the workplace
Explain marketing concepts and functions
Describe various marketing strategies and give specific scenarios to explain the importance of each
Explain the difference between retail and wholesale, giving examples and identifying the roles of retailers and wholesalers in a private enterprise system
Explain market segments, target markets, marketing strategies, and the relationship of marketing to consumers and commerce
Determine risks involved in operating a business, and identify various risk protection strategies available to companies
