BBI20 Summative Assignment: Researching a Local Business Expectations: BFV.01 BFV.02 BFV.03 BFV.04 BF1.02 BF1.03 BF2.01 BF2.02 BF3.02 demonstrate an understanding of how businesses respond to needs, wants, supply, and demand compare types of businesses demonstrate an understanding of ethics and social responsibility in business demonstrate an understanding of the benefits and challenges for Canada in the field of international business explain how needs and wants create opportunities for business compare the ways in which different industries, sectors, and competitors address similar consumer needs and wants compare forms of business ownership (e.g., sole proprietorships, partnerships, corporations, cooperatives, franchises) identify the different types of businesses (e.g., service, retail, manufacturing; for profit, not for profit; Crown, public, and private) describe the impact of business on the local community This assignment involves an oral and written component and will help you to learn more about businesses in our community. You are to research a business in Lower Mainland. Each person must pick a different business. First come, first served! Find the following information about your business: K Name of business? Where they are located (city)? Number of employees Type of retailer – Independent Retailer, Franchise, licensed Dealership, or Network Marketing? Form of business ownership – Sole Proprietor, Partnership, Corporation, Cooperative? Description of product or service that the business provides Competitors – these may be local or international Customers – describe them and identify where they are located International? – does this organization conduct business internationally? Explain. Explain the following: T A C Why you think this business chose this form of ownership. Be sure to state the advantages of this type of ownership over other forms. Is the product or service a need or want? Explain. What other products or services would this business compete with to satisfy the same need or want? Explain how these similar products or services address the same consumer need or want. If this organization conducts business internationally, what benefits do they receive by doing so? If they are not currently involved in international business, do you think they could benefit from doing so? What challenges would they face? Describe how this business affects the local community. Identify and describe as many factors as you can. Powerpoint and oral presentation Powerpoint Presentation Tips: Use dark fonts on light backgrounds for best readability. A second choice is light coloured fonts on dark backgrounds. Ensure high contrast between the background and font colour. Use the same colours and fonts throughout the presentation. Templates help to make sure it all looks the same. Use no more than one graphic per slide. Use size 18 font or larger to ensure it can be read. Use bulleted lists, not paragraphs or sentences. Follow the rule of 666: no more than six words per bullet, six bullets per slide, six word slides in a row Spell check and proofread your slides. Practice your presentation so you can talk to the audience rather than read straight from the slide.