Material for tomrrow's first quiz:
Capitalism: economic system where you always aim for profit. Market decides who wins.
Communism: all economic decisions are made by government.
Corporation: company owned by shareholders; larger corporations are usually divided into departments.
Partnership: two owners make decisions.
Sole proprietorship: one owner decides for business.
Marketing: selling things using PRICE, PRODUCT, PROMOTION and PLACEMENT.
Accounting: keeping track of expenses and revenue.
Remember to review the GPA calculations. Double the nine week grades and keep the final and midterm alone. Divide everything by 10.
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