Monday, March 30, 2009

1. Will these discounts work?
These discounts will work because families are willing to pay with discounts, maybe to go on vacations.
2. Is the economy that bad as to where people will not travel on vacation?
yes, because of their job situation.
3. Does it hurt in state residents decision to travel to in state vacation areas?
I don't think it would because they don't have to pay as much as in out-of-state vacation areas.
4. Would it hurt the economy more to offer these discounts?
I don't think it would hurt the economy more to offer these discounts because when they offer the discounts, they are getting more money.

Upstate restaurateurs hope to grab piece of pizza business

1. Do you believe that the owners did a good job of market research?
yes, i do because now during the day, kids can eat their and at night, the adults can eat and drink their too. i think that this business will do very good in the future.
2. Do you feel as thought this business can be successful or are there too many sports bars and pizza places to go to?
I think that this business can be successful because it is a 2-in-1 restaurant.
3. With the economy, how can they make sure this business survives?
I think that the business to make sure that this business will survive is to make sure that their food is the best, so that the customers will keep on coming back.
4. How would you market this business to possible customers? Give your bets sales pitch!!
This is a brand new restaurant- 2-in-1, bring your kids here after a game, then at night, the adults can have fun!!

Dora Makeover

1. Why is this such a problem for parents?
The problem for parents for Dora is that it might not be just speaking spanish or learning. Its all about fashion, if it keeps on going like it is.
2. Do you believe that Mattel and Nickelodeon are trying to stay with the kids that have grown up with Dora?
Well, yes, but no because the kids that have been with Dora in the beginning wouldn't mind it at all, but then the kids that are just getting into it might not like it because they found a tv show that will is teaching them spanish, but now its all about the glamour and going up.
3. Would you be an upset parent?
yes!
4. Is this just another marketing campaign for Mattel and Nickelodeon? Are they helping or hurting their program and Dora goods?
well, yes and no.

Extreme dollar-stretching

1. Is this too extreme at this time in the recession?
no, because we need to save money as much as possible because of the economy right now.
2. Do you or your family do any saving to this extreme? If so, What?
no
3. Do you think that eventually we will all have to save 50% or more of our income each month?
yes, because the food,clothing,and anything that we need are getting too expensive.
4. What are other methods that you may know of to save more money?
Some other methods that i may know of to save more money is only getting what i need for sure. like get stuff that you need like food,clothes,etc.

Myrtle Beach hopes expanded summer activities will draw more tourists

1. Could this be a good idea?
yes, i think this is a good idea because it will bring more people down their.
2. Did it hurt Myrtle Beach that they are going away from students and bikers and push more toward families? Why?
well, i would say that i go both ways. This is why because the students and the bikers can still come down to Myrtle Beach but they can still have fun while they are down here.
3. What would you do to encourage tourists to MB during this recession??
I don't understand this question about recession.
4. Are free activities what MB needs to do to gain tourists?
I think free activities what Myrtle Beach needs to do to gain tourists is right because many people are turning to God, and they would rather have a christian concert than a non-christian concert. just saying.

Entrepreneurship

1. What are your thoughts on the comments on this article?
My thoughts on the comments on this article is that young people can start a business when they are young. When you start a new business, you feel like you want to be with your family and start a business, but you really need to experience it by yourself.

2. Visit this blog and give your comments on what is said about entrepreneurship?
I really like this blog because he just puts everything out their. He said that he had a lot of great ideas and i thought that none of his friends would like them at all because they were weird and odd. I also like that he said that their are 2 different types of entrepreneurship. And also his favorite quote like "entrepreneurs don't see walls."

Assignment for Friday

1. Research the three types of risk (economic, natural, and human) Writing down what each part represents and give an example.


Economic risks represents risks that result from changes in overall business conditions.

• Example:this store bought more summer styles than its customers wanted and now has to sell them at prices near cost to make room fro the fall lines.

Natural risks represents risks that are caused by natural occurrences.

• Example: earthquakes and fires, unexpected weather conditions as well as catastrophes, such as hurricanes.

Human risks represents risks caused by human mistakes or dishonestly, or other risks that can be controlled by humans.

• Example: training in the use of potentially dangerous machinery is an important party of managing safety risks.
  

2. How do they protect against each risk from the aspect of a business owner or entrepreneur.

Economic risk:laws that require businesses to pay for such things as special licenses or permits,street and sewer improvements, environmental clean-ups, parking, and general upkeep.


Natural risk: Installing smoke detectors, portable fire extinguishers, and automatic sprinklers/


Human risk:individuals may also penetrate the security of computer systems to gain access or information for mischievous or criminal purposes. Securing the computer network using passwords, encoded firewall programs, and virus detectors.


3. Have them find the website for About Retail Industry. It is part of the About.com network. And answer the specific questions here:


a. How much money per year do businesses lose through theft and employee error

How much money per year do businesses lose through theft and employee error is


b. What is the majority age of shoplifters


The majority age of shoplifters is under 21 but probably around 15. The teens years.


c. What is the average theft amount per incident?

The average theft amount per incident is because you don't won't to take something that is big and they will recognized.



d. What is source tagging

Source tagging is the process in which disposable anti-shoplifting lables are incoporated within the merchandise during the manufacturing,packaging process.

e. What are the three major retailers that are using source tagging

Three major retailers that are using source tagging are

f. Find another article on retail theft and name it. Also, write a short paragraph summary of the article illustrating the main points.

g. Why do you think people shoplift?

• peer pressure


• the adrenaline rush


• they can't afford it


• they want attention

h. What are the advantages for a retailers using source tagging?

The advantages for a retailers using source tagging is

i. Do you think About retail industry would be a good source for information for a business owner. Who or why not?

yes, because it has a lot of good information about, if your looking

Richard Branson, Founder Virgin

1. What do you know of Virgin?
That Richard Branson founded Virgin as a mail record retailer. The first artist for Virgin was Mike Oldfield, he recorded," Tubular Bells". Alot of artist helped in to make the Virgin Music and it was top 6 recording companies in the world. The Virgin Group expanded into a lot of different things like international music Mega stores,air travel,mobile, financial,retail,music,Internet,drinks,rail,hotels and leisure, with 200 companies in over 30 countries.It is also a Virgin health care place too.

2. What are your thoughts on beginning a business from scratch and making it into a multi-billion dollar corporation?
My thoughts on beginning a business from scratch and making it into a multi-billion dollar corporation is that i think its great because that shows that people can start a business and do really good in the business world.
3. What kind of marketing techniques did he use?
They deliver a quality service by empowering our employees and we facilitate and monitor customer feedback to continually improve the customer's experience through innovation.
4. Do you think that you are born to be an entrepreneur or become one through schooling and learning?
Maybe, because i am not really sure if i want to be an entrepreneur yet.

Entrepreneurship

If you were to start a brand new business all from scratch, What would it be?? Who would be your target market?? And What types of strategies would you use to bring in your customers and get them to stay??


If I started a brand new business all from scratch, it would be a Tennis store because I really like playing tennis and helping people with their racket choice,tennis clothing, and the right tennis shoes for them. My target market would be little kids to middle ages. I think i choose this target market because it when the little kids needs something for tennis, then the parents of the kids will eventually want something from the store. My strategies to use to bring in your customers and get them to stay is giving them discounts, having tournaments, then the winner will get a gift cards to the tennis store, giveaways.