Business+Observations

=__//**Business observations**//__=

1. Some businesses have been very successful. Two very profitable businesses have been D&M Designs and Macho Nachos. a. Why do you think they are so profitable? b. Can you name 5 very successful businesses in American history? Why do you think these businesses have been so successful? http://encarta.msn.com/encyclopedia_701610399/history_of_united_states_business.html I think that the successful businesses such as D&M Designs and Macho Nachos have been successful because their products are in demand and the prices for their products are reasonable. Also, presentation and advertisement is very important in business and the successful businesses have had both. Five very successful businesses in American history are McDonald's,
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2. Fruity Tutee sold smoothies which brought in a lot of revenue. The product was in high demand and many smoothies were sold. However, the business did not make a profit. Why do you think that is? Can you think of another business that might have a product in demand but doesn’t make a profit? http://www.wisegeek.com/what-was-the-dot-com-bubble.htm http://www.nethistory.info/History%20of%20the%20Internet/dotcom.html I think that the Fruity Tutee business did not make a lot of profit, but sold a lot of smoothies because they didn't have enough supply of their product, and did not charge enough money to make a profit. Another business that might be in the same predicament is
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3. Beginning this week I am going to “raise taxes.” Instead of charging you $2.00 per day at the cafeteria table, I am going to tax 25% of your profits. a. Will this have any impact on how you run your business? Explain. b. Can you describe some of the taxes the American Government has collected throughout history? http://www.treas.gov/education/fact-sheets/taxes/ustax.shtml http://www.tax.org/Museum/default.htm Yes, this raising of taxes will have a huge impact on most, if not all of our businesses. The people that make most money will have a huge chunk taken out of their profits, and the people that make little money will make even less. That's not even including how much gets taken out for our supply and advertising!
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4. To solve the problem of paying taxes to another government (me), your government can acquire my land. __Describe__ another time in American history when the United States acquired land that it did not originally own? This can be land that was colonized, purchased, or conquered. http://en.wikipedia.org/wiki/Overseas_expansion_of_the_United_States http://geography.about.com/od/politicalgeography/a/usboundary.htm http://www.animatedatlas.com/movie.html
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5. Do you think it’s good for your business to have competition, or would you like to get rid of your competition? Explain. I think it's good for businesses to get competition because a little friendly competition never hurt anyone. In fact, you need competition to see how well you're doing compared to them. If you're selling something right next to someone else, then you'll get to see what's in higher demand, and see what prices are most reasonable for your target consumers.
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