Introduction To Business 1 – 1
Chapter1: Exploring the World of Business and Economics
1.3 The Business Environment
The Business Environment - Introduction To Business 1 – 1 - ثاني ثانوي
Chapter1: Exploring the World of Business and Economics
Chapter2: Business Organization
Chapter3: Business in the Global Economy
Chapter4: Human Resources, Culture, and Diversity
What stage of the business cycle do you think green energy is currently at?
Prosperity
THE BUSINESS CYCLE
Business Cycle
Understand the phases of the business cycle.
Focus on REAL LIFE
Depression
The demand for goods and services is high.
Recession
Recovery
In addition to cars, what other types of products do people buy less of during hard times?
During the 1980s and 1990s, some South American countries had an annual inflation rate as high as 300 to 400%.
In simple terms, interest rates repre-
What are the four phases of the business cycle?
What is the inflation rate in Saudi Arabia?
Inflation and Interest Rates
Monopolistic Competition
Perfect Competition
Type of Competition
TYPES OF COMPETITION
In perfect competition, the forces of supply and demand determine the market price.
FOUR DIFFERENT TYPES OF COMPETITION
What type of competition exists in the construction industry?
How do the four forms of competition differ?
Monopoly
Monopolistic Competition
In many countries, governments might create a monopoly to provide services needed by everyone,
THE BUSINESS ENVIRONMENT AND ECONOMIC CHALLENGES
Saudi Vision 2030
developing investment tools to
Subeconomies
Create a brief report with actions local businesses might take to achieve the vision communicated for this topic.
Visual Communication In monopolistic competition, companies offer products that are very similar, but not identical.
Geography Obtain information about a country with an economy dependent on the ocean or other water sources for its industries and jobs.
True or False. Deflation results in lower buying power of money.
True or False. Supply is the quantity of a good or ser- vice that a consumer is willing and able to buy at a particular price.
The phase of the business cycle in which unemploy- ment is highest is
When a few large companies control an industry, this is referred to as
As competition increases, prices
The blue economy, which is designed to preserve
No one can predict the future of an economy with certainty.
What economic challenges will countries face in the future?
