Expert Answer:US Gov and buisness


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Introduction to Business
Handout for Assignment 1.1: The Business Environment
Instructions: Complete the following activities and submit as directed by your
1. In a visual way, develop a timeline of the evolution of business in the
United States.

You may be creative in this, but you must be able to submit your
timeline electronically (in a Microsoft Office or other application).

For each era in the evolution of business, list at least two ways we
have improved the way people do business now as compared with
the previous era.
2. Select a business that you might be interested in starting at some point in
your future career.

Describe the business in one or two sentences.

Describe the five factors of production for this business that are
required for this business’s success. Limit your answers to one or
two sentences for each factor.

Discuss briefly your thoughts about the potential supply and
demand for your goods or services of this business.
o What factors will increase demand?
o What factors will decrease demand?
o What factors will increase supply?
o What factors will decrease supply?
3. For each of the six business environments, identify at least one potential
problem that your business may face. Explain this problem in one or two
Introduction to Business Handout 1.1
© 2012 Pearson Education
Page 1 of 2
Introduction to Business
4. Complete the following table by identifying a specific business example and
completing the remainder of the table. Do not use any example that was
presented in the textbook.
Number of
(many, few,
none, etc.)
Ease of entry
into industry
(easy – provide
a brief
Similarity of
goods or
services offered
by competing
firms (identical,
similar, or
Level of control
over price by
individual firms
(none, some,
Introduction to Business Handout 1.1
© 2012 Pearson Education
Page 2 of 2
Unit 2 Alternative Portfolio Worksheet
Directions: For this portfolio you are being asked to look at four of the main principles of the Constitution. Your task is to define the four
key principles and then find a current issue (this year or last year) that relates to those principles. Here is the link to a 4-minute
recording about how to use as a source for current events and an example of an event you could use. Recommended source
for news: PBS NewsHour.
Check my Work Link:
Explain a current issue that relates to the principle and how it relates. (5-6 sentences
Ex: Appointment of a new Supreme Court Justice.
(textbook page 84)
(textbook page 83)
Checks and
(textbook page 85)
Separation of
(textbook page 84)

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