Transcript: SAVING AND INVESTING 1. Never invest all of your money into one business. 2. Always record what you save and invest in. 1. Interest is a fee charged for money. 2. Grace Period is an amount of time you have to pay off your debt without having to pay interest. 3. Finance Charge is usually seen on credit card statements to represent the actual dollar cost of using credit to maintain a balance. 4. A late fee is a penalty on all types of credit for making a payment after its due date. 5. Credit is an agreement to get money, goods, or services now in exchange for a promise to pay in the future. 1. Blue Chip Stock 2. Common Stock 3. Growth Stock 4. Preferred Stock 5. Stock is the ownership in a cooperation Consumer BANKING 1. Large profits can be made in common stocks. 2. Ignore short-term fluctuations 3. Invest in a house before you invest in a stock 4. Look for opportunities that haven't been discovered and certified by wall street. 5. Having a edge will help you make money in stocks TIPS BUDGETS 1. You need a budget, even if you don't one. 2. The word budget comes from the french word, "Bougette", a little bag. 3. Have to be 18 years of age. 4. Family Obligations 5. Tolerance for risk CREDIT
Transcript: Banking http://www.weseed.com/learn/level1/level1-what-is-a-company/video Tips 1.Save money each payday for emergencies. 2.Understand the terms of the agreement before you accept a loan or credit card. Facts 1.Having good credit is a function of having credit available to you and using it responsibly. If you don’t have or use credit, you may have no credit history at all and if you do, your credit score won’t be as good as someone who consistently demonstrates responsible use of credit over time 2.When you close a credit card account, you may be affecting your “credit utilization.” Credit utilization is simply how much credit you use (balances) compared to how much credit is available to you (credit limits). Closing a credit card account lowers the amount of credit that’s available to you, which may increase your credit utilization percentage if you maintain balances on any of your other credit cards. A higher credit utilization may negatively impact your credit score. 3.When you pull your credit report for your own educational purposes, it’s considered a “soft inquiry” and will not affect your credit score. On the other hand, when a creditor or lender pulls your credit report for the purpose of extending you credit or a loan, it’s a “hard inquiry” and may negatively impact your credit score 4.Your income has nothing to do with your credit score. It’s not reported to the credit bureaus or listed on your credit report. 5.Late payments and other negative information remain on your credit report for seven years from the date of the initial late payment. Bankruptcies typically stick around for 10 years from the bankruptcy filing date. While that black mark may continue to soil your credit report, however, its effect on your credit score will lessen over time. Budgets Tips 1.Every paycheck, put 10% aside for you. This way, you will never spend more than 90% of your income 2.Don't spend more than you make. If you're spending exceeds your income, target areas of profligate spending to make cutbacks. Tips 1.Use the Net to your own advantage. If you bank online, you don’t have to wait until the end of the month to check your statement. You can log in anytime and make sure nothing is amiss. An errant charge is often one of the first signs of identity theft, so check statements carefully and alert your bank immediately of any problems. 2.Trust your gut. You often hear, after consumers used an ATM with a skimming device, they had a bad feeling about it. If you do have that feeling, listen to it and remove yourself from the situation. Saving and Investing Budgets http://bcove.me/h9e5fugj Facts Facts 1. Income. Using the Sample Budget, ask students to think of other sources of income that people other than Sonny might have. (Gifts, dividends, tips, commissions). 2.Expenses. Tell students that it helps to keep a log of monthly expenses to determine their spending habits when starting to budget. They must keep in mind that there are two types of expenses. 3.Fixed expenses – expenses that remain the same each month. Examples of fixed expenses include rent, car payments, insurance, monthly savings plan, etc. 4.Variable expenses – expenses that change each month. Examples are clothing, food, entertainment, etc. 5.Compare expenses to income. When all is said and done, Sonny's cash balance should be zero; that is, income and expenses should be equal. Tips 1.Investment costs should’t take you by surprise. Fees and expenses vary from product to product and can take a huge bite out of your returns. Even small differences in investment costs can translate into large differences in returns over time. 2. Many experts recommend keeping about six months of expenses in a federally insured account to cover sudden unemployment or other emergencies. Consumer Saving and Investing 1.The broad of congress has 7 members, called governors. 2.The five biggest banks hold 95 percent of derivatives: Nearly the entire market in derivatives — the credit instruments that helped blow up some of the nation’s biggest banks as well as mega-insurer AIG — is dominated by just five firms: JP Morgan Chase, Goldman Sachs, Bank of America, Citibank, and Wells Fargo. 3.The four biggest banks issue 50 percent of mortgages and 66 percent of credit cards: Bank of America, JP Morgan Chase, Wells Fargo and Citigroup issue one out of every two mortgages and nearly two out of every three credit cards in America. 4.The 10 biggest banks hold 60 percent of bank assets: In the 1980s, the 10 biggest banks controlled 22 percent of total bank assets. Today, they control 60 percent. 5. Even as the banks plan thousands of layoffs: Banks, including Bank of America, Barclays, Goldman Sachs, and Credit Suisse, are planning to lay off tens of thousands of workers. Facts 1.Long term stocks are predictable. 2.People invest in stock as a profession. 3.Large term profits can be made into larger stock. 4.IPO=1st time company sells stock 5.Beta=measures how much the stock market moves up
Transcript: Consumer A cosumer is someone who buys a product from a seller. Unfortunetly the Consumer is easily targeted as a profit the Seller/Producer will often advertise a product htat is mainly for a type of Consumer The Government The Government protect the Consumer by setting rules for them and guidleines so that they dont end up in court, the producer is also protected by the Government. For example: Joe (consumer) goes into a bar and buy a meal this meal is a twelve piece hot wing package and once he orders it he has signed a contract that says he will pay for the meal. This a way that the government protects the Seller.
Transcript: Possible new strategy create connections with organizations based on south loop. create more opportunities for sponsors to advertise their company or products/services. Consumer Strategy In-class projects In-class project throughout the semester preparing for Manifest industry leaders, promoters, marketers, or people who are willing to take students' skills and artistic talents Crowd Counting Consumers of Manifest 11,400 undergraduate students many undergraduates participate the Manifest as a volunteer. design contests with prizes Possible new strategy create an incentive system based on how well their students performed, prepared, and the number of participants. Potential need more external sponsorships from various industries. create more opportunities and events specialized to south loop residents. They are the group who possibly makes Manifest more interesting to current, and graduating students. South Loop Community Possible new strategy Possible new strategy a perfect chance to promote themselves as an artist. Staff and faculty contests make academic courses more related with Manifest so that students can participate somehow as they take the class. main consumer,and target of Manifest resources - much of budget comes from student activity fees. more than 2,000 students' work each year managing and directing by AEMM students designed by A+D students VIPs/Dignitaries Undergraduates and Volunteers create awards, that is under VIP's or dignitary's name that might increase students' participation. Sponsors providing a chance to make personal connections from industries. appealing with successful stories from previous students who participated Manifest one of the largest subdivisions of Chicago great potential customers no current marketing strategy for this group Current Current Strategy Manual way - most effective way, but costly. Jacob's Method - easy, but estimated. create more creative and productive relationships with students. Potential new strategy more variety of contests with prizes and awards to increase numbers of graduating students and seniors starting few months before Manifest. More than 120 academic majors or programs create targeted advertisement throughout the communities Current strategy create an incentive system that gives more choices when volunteers participate the Manifest as graduating students. Graduating Students providing a chance to meet alumni, possible career information providers. The goal is to give consumers what they want, not what we think they want, and research helps marketers know what that is. Since Manifest doesn't generate any revenue by its services, it is very important to have the number of participants in specific by different groups.
Transcript: Reason to buy it: Location: Original: $929.99 Retailed: $829.99 With taxes: 879.79 HP - 20" Touch-Screen All-In-One Computer Camera: Prices: Built-in TrueVision high-definition webcam with microphones PC project. Makes it easy to video chat with and send video mail to family and friends in 720p resolution I would purchase this electronic at the local Best Buy. -System Memory (RAM): 4GB -Operating System: Windows 8 -Hard Drive Size: 516GB -Processor: Intel® 2nd Generation Core™ i3 Features: I would purchase this computer because it seems to have a good quality camera and I like the fact of it being touch screen. Camcorder:
Transcript: -Fish and Bait advertising -Scamming emails -Phone calls -Ignore deals from unsafe sites -Unsubscribe to the emails -Save the number and put "don't answer" 5 rights 3 fraud/scam techniques used by businesses -Critical Awareness:Ask questions on the quality, use, and prices of goods and services. -Action:Know your consumer rights. -Social Concern:Care for senior citizens and persons with disabilities. -Environmental Awareness:Help and maintain a clean environment. -Solidarity: Join consumer organizations and be heard as a consumer. how to avoid them -For the pictures I used the Prezi insert button. -http://www.dti.gov.ph/dti/index.php?p=721 -http://en.wikipedia.org/wiki/Data_analysis_techniques_for_fraud_detection Pictures -Right to safety -Right to be informed -Right to choose -Right to be heard -Right to redress Consumer Works Cited 5 Responsibilities of a consumer
Transcript: Consumer to Consumer What is C2C? What is C2C Customer to customer (C2C) is a business model, whereby customers can trade with each other, typically, in an online environment. Topic 2 Advantages & Disadvantages Topic 3 Examples
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