Effects of the Various Socio-Economic Factors Affecting Business and Industry PDF

Preview

Summary

This module was designed and written with you in mind. It is here tohelp you explain the effects of the various socio-economic factors affectingbusiness and industry. The scope of this module permits it to be used inmany different learning situations. The language used recognizes the diversevocabula...

Description

Thi smodul ewasdesi gnedandwr i t t en wi t hy ou i n mi nd.I ti sher et o hel py ou expl ai nt heeffect soft hevar i oussoci oec onomi cf ac t or saffec t i ng busi nessand i ndust r y .Thescopeoft hi smodul eper mi t si tt o beused i n manydi ffer entl ear ni ngsi t uat i ons.Thel anguageusedr ecogni z est hedi ver se v ocabul ar yl ev elofst udent s.Thel essonsar ear r angedt of ol l ow t hes t andar d sequence oft he cour se.Butt he or der i n whi c hy ou r ead t hem can be c hange dt oc or r es pondwi t ht het e xt bookyouar enow us i ng. Themodul ehasonel essononl y ,name l y: Lesson 4:Effec t soft hev ar i ouss oci oeconomi cf ac t or saffec t i ngbusi nessandi ndus t r y Af t ergoi ngt hr ought hi smodul e ,youar eexpec t edt o: i dent i f yandexpl ai nt hevar i oussoci oec onomi cf ac t or saffect i ng busi nessandi ndust r y;  anal yz eandeval uat et hevar i oussoci oeconomi cf ac t or st hataffec t t hebus i nessandi ndus t r yand f or mul at er ecomme ndat i onsands t r at egi esonhow wi l lt hebus i ness andi ndus t r ygi v epos i t i vei mpac tont hev ar i oussoci oe conomi c f ac t or s

Di r ect i ons.Choos et hel e t t eroft hebestans we r .Wr i t eyouransweronasepar at es hee tofpaper . 1.How can new busi nesswi nt oc onsume r sde spi t eofmanybusi nesses offer scl osesubs t i t ut e soft hepr oduc tt heyoffer s ? a.Don’ tsel lt hei rpr oduc tatal l

2

b.I nnovat et hei rpr oduc t c .I nventanew pr oduc t d.Offersi mi l arpr oduc t 2.How doe st axr ev enuesf ue lc ount r y’ sdev el opment ? a.I ti saddedt ot hel ocalbudge t b.I ti s bei ng used f orper sonaland pr of essi onaldeve l opmentof offici al s c .I ti sbei ngusedt of undnat i onalac t i vi t i es d.I ti sus edassal ar i esofgov er nmentoffici al s 3.Thef ol l owi ngar et hedi ffer entwayswhe r enat i onalgov er nmental l ocat et hei rr ev enues,EXCEPT: a.Bui l dhousef ort hosewhoar eear ni ng b.I mpr ov ewe l f ar epr ogr amsf ort hepeopl e c .Paygov er nmentoffici al s d.Pr omot i ngpeaceandor deral lov ert hecount r y

a. b. c . d.

4.Thi sal someansne w empl oymentoppor t uni t i esf orFi l i pi nos. I mpr ov edj obhunt i ngpr ogr ams I nc omegener at edpr oj ec t s New bus i nesses Newl yi mpr ov edbar angayf aci l i t i es 5.Thi swasused bymos tbusi ness est opr ev entf ur t herdamaget ot he envi r onment . a.Gar dens t r uct ur edbui l di ng b.Gr eens t r uc t ur edbui l di ng c .Recycl edbui l di ng d.Sol arpane lg ener at edbui l di ng 6.I ti sasmanagementconceptwher ebycompani esi nt egr at esoci aland envi r onment alconcer nsi nt hei rbusi nessoper at i onsandi nt er ac t i ons wi t ht hei rst ake hol der s . a.Busi nessandEnvi r onment alResponsi bi l i t y b.Char i t yandSoci e t yPr ogr ams c .Cor por at eSoc i alRes ponsi bi l i t y d.Foundat i ons 7.A gover nmentage ncy t hatassessand c ol l ec tal lnat i onalt axe s,f ees andc har ges. a.Bur eauofI nt er nalRev enue

3

b.Depar t mentofFi nanc e c .Phi l Heal t h d.Soci alSecur i t ySyst em

8.I nwhatspeci ficwaydoesbus i nessesi mpac t st hehous ehol d? a.Bei ngengagedi nwe l l nesspr ogr ams b.Gi vesempl oymentoppor t uni t i es c .Gi vi ngmoneyf orf r ee d.Thr oughi t sr evenuesear ned 9.How dot hel ocalgov er nmentbenefit sf r om bus i nesses ? a.As ki ngbusi nessest os ponsort hei rpr ogr ams b.Ear ni ngmor ec api t al c .Payment sf r om r entandut i l i t i es d.Rev enuesf r om f eesandl i censesar ebei ngear ned 10.

Wher edoest hel oc algov er nmentuset hei ri nc ome ? a.Mai nt ai ni ngpeac eandor der b.Paysal ar yonl ocaloffici al s c .Subsi di z epubl i cschool s d.Al loft heabove

Ac t i vi t y:I dent i f yt heSTRENGTH,WEAKNESSES,OPPORTUNI TYand THREATS.Appl ySWOTAnal ysi sbyus i ngt heSWOTTempl at e .Uset hef ol l owi ngl i s t edwor dsi nt hebox.

a.Wor ker sar ewel lmanner ed,educat edaboutbooks b.I r r el evantl ocat i on c. Ebooksander eader sel i mi nat esneedsf orphysi cal books d.Managerhaspoorl eader shi ps ki l l s e. Vi si bl eonsoci almedi aandcus t omer scanev enshop onl i nevi at hei rwebsi t e . f . Onest opshopf orofficeandschoolsuppl i es g. PandayanandOr chi dsBookst or ear et hei rcompet i t or s h.Compet i t or sofferr ewar dspoi nt sanddi scount sf ors t udent sandt eacher s

4

i . Par t ner shi pwi t hi nt er nat i onalpubl i shi nghouse j . Pat r oni z ebyt hebookl over sandst udent s

STRENGTHS  







 Wor ker sar ewel lmanner ed,edu-  cat edaboutbooks Vi si bl eons oci almedi aandcust omer scanevens hoponl i nevi a t hei rwebs i t e. Par t ner shi pwi t hi nt er nat i onalpubl i shi ng house

OPPORTUNI TI ES Ones t opshopf oroffice ands choolsuppl i es



Pat r oni zebyt he bookl over sands t udent s





WEAKNESSES I r r el evantl ocat i on Managerhaspoorl eader shi pski l l s

THREATS Ebooksander eader s el i mi nat esneedsf or physi calbooks PandayanandOr chi ds Bookst or ear et hei r compet i t or s Compet i t or sofferr ewar dspoi nt sanddi scount sf ors t udent sand t eacher s

Les- Effectsofthevari oussoci oecoson nomi cf act or saffect i ngbusi ness andi ndust r y 5

3 Smal lent er pr i sespl ayavi t alr ol ei n economi cdev el opmentast he ycan pr ovi det heeconomywi t h effici ency ,i nnovat i on,compet i t i on and empl oyment . Ent r epr eneur sar er esponsi bl ef ort hesuccessoft hei rbusi nessesandhav et o f aceupwi t hdefini t ec hal l engesi ndoi ngso. Soci oeconomi ci mpact ,st udi eson eval uat i ngt hei mpact sdeve l opment on communi t ysoci aland economi cwel f ar e.Devel opmenti mpact scan beassessed i nt er msofchangesi ni nc omeandempl oyment ,publ i cser vi ces,housi ng,st andar dsofl i vi ngoft hecommuni t y . Asyougot hr oughl esson,youwi l ll ear nedt hedi ffer enteffect soft hevar i ous soci oeconomi cf act or saffect i ngbusi nessandi ndust r y .

Effect soft heVar i ousSoci oeconomi cFact or s Affect i ngBusi nessandI ndust r y Soci oeconomi cf act or sar echar act er i st i cst hatdefinet hequal i t yofl i f ei n asoci e t y .Theyi nfluencet hebehavi or s,at t i t udes,t r ends,t ast esandl i f es t yl eof i ndi vi dual s.Thegoalofsoci oeconomi cst udyi sgener al l yt obr i ngaboutsoci oeconomi cdev el opment ,usual l ybyi mpr ovement si nmet r i cssuchasGDP,l i f eexpect ancy ,l i t er acy ,l evel sofempl oyment ,et c.

Act i vi t y1.Answert heque st i ongi v enbel ow.Wr i t eyouransweront hese par at eshee tofpaper .10poi nt s-c ompr e hensi veandanal yt i c al89poi nt s-we l l wr i t t enandsomei nc l udesanal ysi s;57poi nt swel lwr i t t enbutl ac ksanal ysi s;24poi nt s-weakessay;1poi ntPoor l ywr i t t enandl ac kst r engt h “Whysomeeconomi s t sl ookt oeconomi cgr owt hast hebestwayt or educ e pov er t y?” Economi st sbel i evet hateconomi cgr owt hbenefit snear l yal lci t i zensof acount r yandt her ef or er educespover t y.I feconomi cgr owt hr ai sest he i ncomeofever yonei nasoci et yi nanequalpr opor t i on,t hent he di s t r i but i onofi ncomewi l lnotchange.

6

Effect soft heVar i ousSoci oeconomi cFact or s Affect i ngBusi nessandI ndust r y

Today ,put t i ng up a busi nessi s notj us tal laboutpr ofit s.I ti sal so c oncer nedwi t hconsumerwe l f ar e,j obcr eat i on,e nvi r onment ali ssue s,upl i f t i ngt hequal i t yofl i f e ,andcont r i but i ngt ot heeconomy .Le tusnow l ookat how abusi nesscan i mpac tt heconsumer ,t hesuppl i er sand t hei nv es t or s, t hegov er nment ,andhous e hol ds. I mpactont heConsumer A new bus i ness,es peci al l y one t hati si nnov at i v e and f ocuse d on br i ngi ngsomenew pr oduc torser vi cet ot hemar ke t ,i sal wayswe l comet o t heconsumerwhoi sl ooki ngv al uef orhi smoney .I ft henew bus i nessi ssel l i ngapr oduc tt hathascl os esubs t i t ut e si nt hemar ke t ,t hent heowneroft he busi nesswi l lt r yhi sbes tt owi nt heconsumer sawayf r om t heexi st i ngs e l l er sbyoffer i ngsome t hi ngt hatwi l lbenefitt hebuyer s. How c an t henew busi nessac compl i sht hi s ?Onegoodwayi st oi nnov at et hepr oduc t ,c omeupwi t hnew f eat ur est hatar enotf oundi nt heexi s t i ngc ompe t i ngg oods.Thi sc an bei nt hef or m ofabe t t erappear ance,anew f eat ur eori ngr edi entoranew c onv eni entwayofmaki ngt hepr oductav ai l abl e.A new bus i nesst her e f or emeansnew pr oduc t sorser vi cesavai l abl et o t hebuyer s,gi vi ngt hem mor echances . Si ncet henew sel l erwi l lt r yt o at t r ac tbuyer s,anot hers t r at egyt hat c oul d be adopt ed i st oi mpr ov et hequal i t y oft hegood maki ngi ta not c h hi ghert hant hoseal r eadybei ngs ol di nt hemar ke t .Al t hought hi smaymean hi gh pr i cesf orbe t t erqual i t yofgoods,t hi sc oul d cat ert oa mar ke tt hati s mor eaf t erqual i t yt hanl ow pr i ce . I ni t i al l y ,asabus i nesss t ar t s,t hes el l ermaymaket hepr oduc tavai l abl eati nt r oduc t or ypr i cesl owert han t heot hers ubs t i t ut e si nt hemar ke t . Thi swi l lde fini t e l ybeanadvant aget ot hepr i cec onsci ousbuy er swhohav e l i mi t edbudge t s. Asl ongasnew busi nesscan pr ovi dene w goodsand ser vi ces,be t t er qual i t yofgoodsandmor eopt i ons,t hec onsumercanbenefitf r om i t .Buti fa busi nessc omesup wi t h al ow qual i t ygood and doesnotpr ovi det heconsumerval uef orhi smoney ,t hent hi sbusi nesswi l lhav eanegat i vei mpac ton t hemar ke t . I mpactonSuppl i er sandI nves t or s A new busi nesswi l lal so pr ovi deoppor t uni t i esf orsuppl i er sand i nv es t or s.I facons t r uct i on c ompanyi sse tup t hen t hi sopensup oppor t uni t i esf ort heot herbusi nessest hatwi l lsuppl yt hem t hei rneeds,wood,ce-

7

ment ,s t ee l ,pai nt s,nai l s ,s cr eensandot her s.Manysuppl i er swi l lnow g e ta c hancet os el lt ot henewl yest abl i shedbus i nesswhi c h meansmor ei ncome f ort hem. Demandf ort heg oodspr escr i bedbyt hes uppl i er swi l li ncr ease .These suppl i er swi l lneedt opr oduc emor eoft hem andt heywi l lneedt ohi r emor e wor ke r s who wi l lear n wages f r om bei ng empl oyed.Mor e capi t alwi l lbe nee dedt oi nves ti nt hepr oduc t i on oft hesegoodsand mat e r i al sgener at i ng agai ni ncomef ort heeconomy .I nv es t or sge ti ncomer e t ur nson t hei ri nv es t ment s,wi t hcapi t alpl owedbac ki nt omor ei nv es t ment sandg ener at i ngmor e i ncomef ort heeconomyt husl eadi ngt oe conomi cgr owt h. I mpactont heGover nment Thegov er nmentwi l lal sobe nefitf r om t hee s t abl i shmentofnew busi nessest hr ough r ev enuesear ned i nf eesc ol l ect ed f r om t hem and on t axe s i mpos edont hei ncomeoft hebus i nesses. Be f or ea busi nesscan bese tup i thast omee tr equi r ement st os t ar t oper at i ng.Fi r s t ,t hebus i nessownerhast oappl yt os t ar ti t sbusi ness.Li censeshavet obeobt ai ned.Or g ani z at i onalf eeshavet obepai d.Ont hemuni ci pall ev el ,t hel oc algov er nmentear nsr ev enuef r om f e esandl i c enses.Thi s meansmor emoneyaddedt ot hei rl ocalbudge tt opr ovi des oci als er vi c est o t hec ommuni t yf ort hedev e l opmentoft hec ompany ,t opaysal ar i esonl ocal offici al sand wor ker s ,t omai nt ai n pe aceand or derand t osubsi di z epubl i c sc hool s. On t henat i onall eve l ,t hegov er nmentge t st oi mposet axe son t hei nc omesear nedbyt hebus i nesses.Empl oy eeshi r edbyt hesebusi nessesal so havet opayper sonali nc omet axest ot heBur eau ofI nt er nalRevenue( BI R) . Forempl oyedwor ke r s,t heset axesar er egul ar l ywi t hhel dbyt hei rempl oyer s andr emi t t edt ot heBI R. Theset axr ev enuef ue lde ve l opmentbecauset he yar eusedbyt hegover nmentt o nat i onalact i vi t i esand f orbudge tal l ocat i onsf ori t spr ogr ams. Thenat i onalgov er nmenthasr ev enue st ofinancei t spr oj ect s ,t opaygover nmentoffici al s,t obui l ds c hool s,t oi mpr ov emi l i t ar y ,t opr omot epeaceandor deral lovert hec ount r y ,t obui l dhousi ngt ot hepoorandt opr ovi deheal t h ser vi cesandi mpr ov ewe l f ar epr ogr amsf ort hepeopl e .

I mpactonHousehol ds New bus i nesses means empl oymentoppor t uni t i es f ort he Fi l i pi nos. Thosewhohav ej obsbutar eear ni ngl owwagesmayfindbe t t erpayi ngj obs wi t ht henew compani es.Unempl oy edwor ke r sl ooki ngf orwor kmayhav et he c hance ofbe i ng empl oyed by t hos ec ompani es.The poolofunempl oyed wor ke r s wi l ldefini t e l y decr ease.Bei ng empl oyed wi l lenabl et hem t o buy t hei rbas i cneedsandev en somel uxur i es.Thi smeanst hatt hei rqual i t yof l i f eandt hei rs t andar dofl i vi ngwi l li mpr ov e. Acqui si t i onofweal t h andasse t scannow f ol l ow bot hf ort hebus i ness owner sandt heempl oy eest heyhi r e .Pr ofit sear nedbyt heowner scanbei nv es t e d bac ki nt ot hebus i nessf ore xpansi on,orsomecan bewi t hdr awn by

8

t heowner swhi c ht heycanuset obuynew car sornew hous es.Suc cessst or i eson t e l evi si on showsf eat ur er agst or i chesst or i esofent r e pr eneur swho usedt obev er ypoorbutwi t hhar dwor kandpe r si s t ence ,wer eabl et omake t hei rbus i nessess uc ceed,enabl i ngt hem t osend t hei rc hi l dr en t ogood expensi v esc hool s,bui l di ngbi ghous es,andbuyi ngt woormor ecar shous edi n t hei r gar age .The owner s,because oft hei r suc cess ,manage t o acqui r e weal t handbuyacc esswhi c har ef r ui t soft hei rhar dwor k. Wi t ht hegr owi ngf ocuson pr eser vi ngt heenvi r onmentf orf ut ur egener at i ons,bus i nesses al so ge tt oc ont r i but et hei r shar e .Socal l ed gr een s t r uc t ur esf orbui l di ngsar emeansused t o pr eventf ur t herdamaget ot he envi r onment .I ns t i l l i ng t he val ue of r e cycl i ng and r eusi ng of r esour ces among empl oy ees and f ami l y member s may al so bec ome t he adv ocac y of t hesebusi nesses.Spr e adi ngi nf or mat i on on t hedanger sofgl obalwar mi ng maybepr omot e dbyt hebusi nessowner s.Thusbusi nessesbecomei ns t r ument sf orsoci e t yt ohav eabe t t e rpl ac et ol i v ei n. I mpactont heCommuni t y Cor por at e Soc i alRes ponsi bi l i t y( CSR)has become a gr owi ng t r end among bus i nesses t oday .Asa r e sul toft hi s,c or por at i ons and even smal l busi ness eshavei ncr easedt hei rf ocuson pr oj ec t st hatpr ovi desc hol ar shi ps t o poorbutdeser vi ng st udent s ,al l ocat i ng budge t sf orhous i ng f orl owi nc omef ami l i essuc haspar t i ci pat i oni npr ogr amsl i ket heGawadKal i nga,envi r onment alpr ot ec t i on i nc l udi ngt r eepl ant i ng,e l i mi nat i on ofpol l ut i on,and ot herenvi r onmentr e l at ed pr ogr ams.Communi t i es benefitf r om busi nesss ponsor ed ac t i vi t i est hati nc l udes por t sf est sand wel l nesspr ogr ams,l i v e l i hoodpr oj ect s ,mi cr ofinanci ngandevenmedi calanddent almi ssi ons .

Act i vi t y1.Compl e t et het abl ebe l ow bysuppl yi nghow doe st hebusi nessi mpac tont hedi ffer entsoci oec onomi cf ac t or s .Wr i t eyouranswer si na separ at eshee tofpaper . Cons umer s

1. 2. 3.

Suppl i er s andI nvest or s 1. 2. 3.

Gover nment Househol ds

Communi t y

1. 2.

1. 2.

1. 2. 3.

Act i vi t y2 CaseAnal ysi s:Anal yz et hes t or ybe l ow andanswert heque s t i onsgi v en. Wr i t eyouransweri nasepar at eshee tofpaper .

9

Rags2Ri ches I n 2009,t he Rags2Ri ches pr oj ec twon t he Busi ness i n De ve l opmentGl obalCompe t i t i on.Rags2Ri chesev ol v edoutoft hee ffor t soft heSi mbahangLi ngkodngBayan aJesui tsoci alapos t ol at eor gani z at i on.Fr om t he v er ys t ar t ,t hosewhoc oncept ual i z edRags 2Ri c hespr oj ectwant edt ohe l pt he women i n Payat as( oneoft hel ar ges tdumpsi t esi nt hePhi l i ppi nes)t oear n mor e and l i v e mor e di gni fied l i v es.The women woul d weav e scr aps i nt o mul t i col or ed door mat s,r ags and r ugs t o di r ectwomen ofPayat as t ot he mar ke twhoc oul dbuyt hei rweaves .I t spr oduc t swer emai nl ymadef r om upcyc l edc l ot hsanddi scar dedscr apsf r om f ac t or i es. When t he bus i ness was gr owi ng bi g,t he pr opr i e t or sc onsi der e d expandi nggl obal l yandbui l di ngRags2Ri c hesasabr andf eat ur i ngr e nowned desi gner s.Fore xampl e ,t hr ough t hei deasofaf amousde si gner ,t heset ugs and r agsc oul d bede v el ope di nt obagsand ac cessor i es.Thei ni t i alv ent ur e had becomeahugesuccess;i n 2010,Rags2Ri c hes ’capi t algr ew byal mos t 400%. TheRags2Ri chest e am e nsur edt hati t spr oduc t swer e100per c ent c onsi s t entwi t ht hei rv al ue s.Al lt hemat e r i al swer eupcycl edandt hus ,“ e cof r i endl y”( e. g. ,or gani cmat er i al st hatdi dnotusehar mf uldyesorc hemi cal s) . Al so,e xpansi onr esul t e di nengagi ngt heot hernear byc ommuni t i es.Cl ear l y , t hewomen-andot he rc ommuni t i esaswe l l -hadbecomeempower edandenr i c hed. Essent i al l y ,t hi ss oci albus i nessent e r pr i sesoughtt oi mpr ov el i v e l i hoodout comesoft hepoor .Apar tf r om ensur i ngat t ai nmentoft he3Ps-peopl e,pl ane tand pr ofit s-Rags 2Ri ches soughtt oe xer tposi t i vei nflue nce on t hemar ke t ,ont hec ommuni t i esi twor kswi t h,ande vent ual l yont hewor l d. Thi scasehi ghl i ght st heg oodeffec t st hatcanbeachi ev edbyt hemer edesi r e t oser v epeopl eandcommuni t i es.

Quest i ons: 1.Whati st hemai n vi si on andmi ssi on ofRags2Ri c hes ?Whatdi di t see kt oachi ev e ? 2.Whatme t hod di dt hebusi nessempl oyi n or dert ohe l pi n pov er t y al l evi at i on? 3.I si tpossi bl ef ora bus i ness ent e r pr i set of ul fil la soci alf unct i on ( suc h ashe l pr e duc e pov er t y)and att he samet i meear n pr ofit ? Expl ai nyourans werbasedont hebus i nessmode lofRags 2Ri ches. 4.Do you know ofany ot herent er pr i sei nt he Phi l i ppi nest hathas ac hi ev edwhatRags2Ri c heshasac hi ev ed,i . e . ,s er veasoci alf unc-

10

t i on,att hesamet i me,makemone y?I fso,descr i bet hatnat ur eor oper at i onsoft hatent er pr i se. Act i vi t y3 Essay.De scr i behow doest hebusi nessandi ndus t r yi mpac t s t heconsumer s ,s uppl i er sandi nves t or s ,gov er nment ,hous e hol dsand c ommuni t ydur i ngt hi sCovi d19pandemi c. ( Rubr i c : 10poi nt s-c ompr ehensi veandanal yt i c al89poi nt s-wel lwr i t t enandsome i nc l udesanal ysi s;57poi nt swel lwr i t t enbutl ac ksanal ysi s;24poi nt s-weakes say; 1poi ntPoor l ywr i t t enandl ac kst r engt h)

Di r ect i ons.Choos et hel e t t eroft hebestans wer .Wr i t eyouransweronasepar at es hee tofpaper . 1.Bei ngempl oyedwi l lenabl et hei ndi vi dualt o_ _ __ _ __ _ __ _ __ _ __ _ __ _ _ _. a.Bui l dbi ghous esandowncar s b.Buyt hei rnee dsandsomel uxur i es c .Gi v et oc har i t i es d.Sl ee pandl e tmoneywor ksf ort hem 2.Whatbes tdescr i besCor por at eSoc i alRes ponsi bi l i t y? a.A bus i nessobl i gat i on t oconsi dert hei mpac tofi t sde ci si onson t heenvi r onment . b.A busi ness obl i gat i on t o soc i e t yt hatgoesbeyond t he r equi r ement soft hel aw ec onomi cst ot akei nt oaccountt hesoc i aland envi r onment ali mpac tofi t sdeci si ons. c .Abus i nessr equi r ementt omakeasmuchaspr ofitasposs i bl e. d.Thedut yofcar eabus i nesshast oi t sempl oy eesandcust omer s. 3.Wher edoest hel ocalg over nmentus et her ev enuese ar nedf r om busi nesses ? a.Bui l dhousef orpoorpeopl e b.I mpr ov emi l i t ar yf or ce c .I mpr ov ewe l f ar epr ogr ams d.Pr ovi desoc i alser vi c esi nt hecommuni t y 4.Pr ofit sear nedbyt hebus i nessowner scanbe__ _ __ _ __ _ _ __ _ _. a.Bui l dbui l di ngs

11

b.I nv estf oranew bus i ness c .Putupc har i t i es d.Wi t hdr aw andgi v ei tt ot hepoorpeopl e 5.Tos t ar tabusi ness,t heownerneedst o: a.Obt ai nl i censes b.Payf oror gani z at i onalf ees c .St ar twi t hcr eat i ngmar ke t i ngpl an d.Bot hAandB 6.I ti st oc omeupwi t ht henew f eat ur est hatar enotf oundi nt hee xi st i ngcompe t i nggoods . a.Change c .I nnov at e b.I mpr ov e d.I nvent 7.Hi gh pr i ces f or be t t e r qual i t y of goods may cat e r mar ke t who _ _ __ _ __ _ __ _ __ _ _ . a.Buyanyt hi ngt hati savai l abl ei n...