Week Three – Journey underway

All students are encouraged to join DECA, a business club at the high school which is part of a state and international organization.  Students were all sent information about the club and parents and students can ask Mrs. Anderson any questions they have about the club. Sign up should happen by the end of this week (Sept 30), as club meetings start next week, Thursday October 6th. We have various meeting times to meet the busy needs of our students and will meet every other week until our first competition December 15.

Intro to Business

Introduction to Business classes had their first open note quiz on their notes.  We spent time discussing the pros and cons of the profit motive in a market economy (like what the US has) and then discussed the pros and cons of a command economy (such as what we see under communism).  To improve their understanding of life in a command economy, students are reading 3 articles (2 supplied and 1 found on their own) of  life in either N. Korea or Cuba.  They are taking notes on their observations of life in these countries and will use that information to inform them of a project they will work with their classmates on next week.

We are taking a small hiatus from this information to learn about the stock market as the stock market game starts next week!  More to come on what this experience will entail.

Intro to Marketing

Students have spend the week learning information to answer the essential question: “What is Marketing?”  All students took notes on Marketing and the marketing concept (all students should know what the marketing concept is – ask them!!!) as well as notes on the Economic Benefits of marketing.  Students take an open notebook quiz after the notes. Honors students read two competing articles about whether companies should listen to customers.  Honors students had a lively online discussion articulating their view point.

Students are currently working on their first fun assignment to help them understand how each of the 7 functions of marketing advances the marketing concept for the product or service.  I gave them the product name “Purple Flurple” and they had to develop a product or service and expound each of the 7 functions as it relates to that product.

This class is also taking a small hiatus from this information to learn about the stock market as the stock market game starts next week!  More to come on what this experience will entail.

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