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Introduction to Business
Student Learnings:
What students should know and be able to do
- Explain the difference between goods and
services.
- State the six steps in the decision making
process.
- Describe the three basic types of economic
systems.
- Describe the four phases of the business
cycle.
- Describe seven kinds of activities performed
by business.
- State the advantages and disadvantages of
the three major types of business ownership.
- Explain what is meant by the social responsibility
of business.
- Explain the seven consumer rights.
- Identify three types of consumer organizations
- Discuss the importance of technology in a
business.
- Explain the role of citizens in our economy.
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