BE52 – Marketing I Career & Technical Education Course #: BE52 Course Name: Sales and Marketing I Prerequisites: None Grade Level: 9-12 Level of Difficulty: Average # of Credits: 2 semesters – 1 Credit The following is a Career and Technical Education (CTE) class under the Marketing Program. Marketing I Units and Understanding Statements Unit 1: Marketing Is All Around Us Students will be able to examine the scope of marketing. Unit 2: Basic Marketing Concepts Students will state the marketing concept, explain the marketing mix and define what constitutes a market. Unit 3: Communication Students will understand communication skills essential in the business world and daily life. Unit 4: Interpersonal Relationship Skills Students will evaluate key personal traits, interpersonal skills and elements of teamwork which are critical for job success. Unit 5: Management Skills Students will assess the basic management functions of planning, organizing, and controlling as well as different management structures including vertical and horizontal management. Unit 6: Preparing for the Sale The student will distinguish between the three basic sales situations: business-to-business, retail and telemarketing. Unit 7: Initiating the Sale Students will construct an approach using the first two steps of the sales process to determine customer needs. Unit 8: Presenting the Product Students will simulate the essential steps in the sales process by presenting the product and overcoming objections. Unit 9: Closing the Sale The students will investigate the last three phases of the sales process by closing the sale, suggestion selling, and relationship marketing. Unit 10: Using Math in Sales Students will evaluate the sales process by recording the transaction using technology. Unit 11: Promotional Concepts and Strategies Students will assess the promotional mix by using the four basic types of promotion: advertising, selling, sales promotion, and public relations. Unit 12: Visual Merchandising and Display Students will discuss the importance of visual merchandising as a promotional strategy. Unit 13: Advertising Students will differentiate the different types of advertising available to promote a business. Unit 14: Preparing Print Advertisements Students will analyze the components of advertising with print ads. 1 Career & Technical Education BE52 – Marketing I Unit 15: The Free Enterprise System Students will understand the operation of the United States free enterprise system as it relates to the role of government and the power of consumers. Unit 16: Global Economies Students will analyze different global economic systems and concepts. Unit 17: Business and Social Responsibility Students will distinguish the purpose of business ethics, government regulations, and social responsibility. Unit 18: International Trade Students will differentiate the role of government in relation to international trade and the benefits of trading. . 2 BE52 – Marketing I Career & Technical Education COMMON CORE STANDARDS The following Reading and Writing performance objectives are integrated throughout the entire course: Reading: 9-10.RST.1 Cite specific textual evidence to support analysis of science and technical texts, attending to the precise details of explanations or descriptions. 9-10.RST.8 Assess the extent to which the reasoning and evidence in a text support the author’s claim or a recommendation for solving a scientific or technical problem. Writing: 9-10.WHST.5 Develop and strengthen writing as needed by planning, revising, editing, rewriting, or trying a new approach, focusing on addressing what is most significant for a specific purpose and audience. 9-10.WHST.9 Draw evidence from informational texts to support analysis, reflection, and research. Speaking and Listening 9-10.SL.1 Initiate and participate effectively in a range of collaborative discussions (one-on-one, in groups, and teacher-led) with diverse partners on grades 9-10 topics, texts, and issues building on others’ ideas and expressing their own clearly and persuasively. 9-10.SL.4 Present information, findings, and supporting evidence clearly, concisely, and logically such that listeners can follow the line of reasoning and the organization, development, substance, and style are appropriate to purpose, audience, and task. Language 9-10.L.6 Acquire and use accurately general academic and domain-specific words and phrases, sufficient for reading, writing, speaking, and listening at the college and career readiness level, demonstrate independence in gathering vocabulary knowledge when considering a word or phrase important to comprehension or expression. Math HS.A-CED.1 Create equations and inequalities in one variable and use them to solve problems. 7.RP.3 Use proportional relationships to solve multistep ratio and percent problems. 3 Career & Technical Education BE52 Marketing I Processes - Suggested Teaching Timeline First Semester August Sept. Oct. BE52 – Marketing I Second Semester Nov. Dec. Jan. Feb. March April May Participate in DECA Leadership Activities Unit 1: Marketing is All Around Us Unit 2: Basic Marketing Concepts 2 weeks 2 weeks Unit 3: Communication 1 week Unit 4: Interpersonal Relationship Skills 1 week 1 week Unit 5: Management Skills 2 weeks 1 week Unit 6: Preparing for the Sale 1 week Unit 7: Initiating the Sale 1 week Unit 8: Presenting the Product 1 week Unit 9: Closing the Sale 1 week Unit 10:Using Math in Sales 1 week 4 BE52 – Marketing I Career & Technical Education First Semester August Unit 11:Promotional Concepts and Strategies Unit 12:Visual Merchandising and Display Sept. Oct. Second Semester Nov. Dec. Jan. Feb. March April May 2 weeks 1 week 2 weeks Unit 13:Advertising 1 week Unit 14:Preparing Print Advertisements Unit 15:The Free Enterprise System 1 week 1 week 2 weeks Unit 16:Global Economies 1 week Unit 17:Business and Social Responsibility 1 week 3 weeks Unit 18:International Trade 3 weeks 5 BE52 – Marketing I Career & Technical Education Unit 1: Marketing Is All Around Us Students will be able to examine the scope of marketing. Knowledge and Skills Knowledge: The meaning of marketing The foundations of marketing The functions of marketing The benefits of marketing The meaning of economic utility The five economic utilities and how to distinguish the four that are related to marketing The importance of marketing careers to the US economy The benefits of working in marketing Employment opportunities for people trained in marketing Examples of jobs within marketing occupational areas and at different skill levels Arizona CTE Standards Examine concepts, research, and information needed to develop and implement a marketing plan 4.2 Describe marketing functions 4.8 Use problem-solving strategies 4.9 Explain the importance of marketing plans 4.24 Prepare a multi-media promotion based on research 6.0 Apply selling concepts 6.9 Address the needs of individual personalities 6.10 Establish a relationship with clients/customers 4.0 Economic Skills Resources Marketing Essentials Textbook Chapter 1 Kuder Navigator system utilizing Navigator to upload resumes and explore job search functions to supplement ECAP Skills: Describe marketing functions Explain the importance of marketing plans Examine traditional, non-traditional and entrepreneurial occupational choices Research marketing career opportunity information Review common marketing job descriptions Examine industry trends in marketing occupations Complete self assessment of aptitudes and interests and how they apply to careers Investigate the level of education needed for certain marketing careers Research employment opportunities through the use of technology Use word processing software to prepare letters, memorandums, and reports 6 BE52 – Marketing I Career & Technical Education Unit 2: Basic Marketing Concepts Students will state the marketing concept, explain the marketing mix and define what constitutes a market. Knowledge and Skills Knowledge: The marketing concept The difference between customers and consumers What a market is and how it can be described What target marketing is and how it can be described The four P’s of the marketing mix What market segmentation is and the four methods used to segment a marketing The current demographic, psychographic, and geographic trends Skills: Explain the importance of marketing plans Present the marketing plan Describe cultural/ethnic differences Create a product prototype 1.0 1.1 1.2 4.0 4.8 4.9 8.0 8.6 Arizona CTE Standards Analyze factors that influence consumer behavior Describe how personal values influence consumer behavior Describe how diversity influences purchasing decisions made by consumers Examine concepts, research, and information needed to develop and implement a marketing plan Use problem-solving strategies Explain the importance of marketing plans Examine fundamental management concepts that affect business decision making Describe cultural/ethnic differences Economic Skills Resources Marketing Essentials textbook chapter 2 Glencoe Marketing Series Sports & Entertainment Marketing chapter 1 (World of marketing and chapter 3 The sports market) 7 BE52 – Marketing I Career & Technical Education Unit 3: Communication Students will understand communication skills essential in the business world and daily life. Knowledge and Skills Knowledge: The six primary elements of communication How to arrange the setting for a business meeting How to use listening skills to improve your understanding of messages Three blocks to listening with understanding Three skills that will help you read with understanding The three most common purposes for speaking The four basic patterns for organizing a formal speech The four-step method for training Parliamentary procedure and its purposes Proper telephone skills The three basic considerations in writing Skills: Practice the fundamentals of communication Foster positive working relationships Explore the nature of staff communication Analyze group working relationships Determine strategies related to customer relations Participate as a team member Conduct formal/informal research to collect appropriate topical information Organize information and develop an outline career portfolio Write business communication using appropriate format for the situation (CC Standard 9-10.WHST.5) Using appropriate technology, prepare a draft document (i.e. business letter, email, memo, etc.) using established rules for grammar, spelling and sentence construction (CC Standard 9-10.WHST.9) Arizona CTE Standards 4.0 Examine concepts, research, and information needed to develop and implement a marketing plan 4.1 Describe the impact of quality business communications on the success of a marketing organization 6.0 Apply selling concepts 6.9 Address the needs of individual personalities 6.10 Establish a relationship with clients/customers 8.0 Examine fundamental management concepts that affect business decision making 8.4 Determine personal characteristics of effective leaders 8.5 Compare and contract leadership and management styles Economic Skills Resources Marketing Essentials textbook chapter 8 Kuder Navigator 8 BE52 – Marketing I Career & Technical Education Unit 4: Interpersonal Relationship Skills Students will evaluate key personal traits, interpersonal skills and elements of teamwork which are critical for job success. Knowledge and Skills Knowledge: The importance of understanding others How personal traits can be more effective in relations with other people How personal skills relate to successful interpersonal relations How interpersonal skills may be used in marketing The importance of teamwork in the business world Six aspects of successful teamwork Skills: Interpret verbal and nonverbal communication Examine barriers to effective communication Assess client communication skills through role plays Critique characteristics of an effective team player Determine characteristics of effective teams Survey techniques to involve each member of the team Practice teamwork required for the marketing field Evaluate the fundamentals of communication Originate positive working relationships Explore the nature of staff communication Analyze group-working relationships Determine strategies related to customer relations Validate your positive contributions as a member of a team Arizona CTE Standards 4.0 Examine concepts, research, and information needed to develop and implement a marketing plan 4.1 Describe the impact of quality business communications on the success of a marketing organization 6.0 Apply selling concepts 6.9 Address the needs of individual personalities 6.10 Establish a relationship with clients/customers 8.0 Examine fundamental management concepts that affect business decision making 8.4 Determine personal characteristics of effective leaders 8.5 Compare and contract leadership and management styles 8.11 Evaluate the nature of leadership Economic Standard Resources Marketing Essentials textbook Chapter 10 Personality assessment (i.e. colors) 9 BE52 – Marketing I Career & Technical Education Unit 5: Management Skills Students will assess the basic management functions of planning, organizing, and controlling as well as different management structures including vertical and horizontal management. Knowledge and Skills Knowledge: How horizontally organized companies differ from traditionally organized companies The three levels of management How a self-managing team functions The three functions of management The management techniques used by effective managers How to motivate employees through a system of rewards Skills: Examine the five management functions: planning, organizing, directing, staffing ad controlling Illustrate the methods a marketing organization can use to effectively manage its economic resources Analyze the roles of support staff, supervisors, managers and technology in achieving business goals Determine personal characteristics of effective leaders Compare and contrast leadership and management styles Investigate the concept of management Justify the role of management in achieving quality Compare the types of marketing business ownership including sole proprietorship, partnership and corporations Analyze management strategies related to business risk Evaluate the nature of leadership 8.0 8.1 8.3 8.4 8.5 8.7 8.8 Arizona CTE Standards Examine fundamental management concepts that affect business decision making Define the five management functions: planning, organizing, directing, staffing, and controlling Describe the roles of support staff, supervisors, managers, and technology in achieving business goals Determine personal characteristics of effective leaders Compare and contract leadership and management styles Describe the concept of management Discuss the role of management in achieving quality Economic Standard Resources Marketing Essentials Chapter 11 Internet Motivating Employees 10 BE52 – Marketing I Career & Technical Education Knowledge and Skills Skills continued: Arizona CTE Standards Economic Standard Resources Research a leader in management as a potential employer Demonstrate interviewing skills, including pre-interview preparation and post-interview follow-up Conduct formal/informal research to collect appropriate topical information Apply active listening skills Demonstrate appropriate technologies for a formal presentation in marketing Prepare and deliver presentations Conduct formal/informal research to collect appropriate topical information 11 BE52 – Marketing I Career & Technical Education Unit 6: Preparing For The Sale The student will distinguish between the three basic sales situations: business-to-business, retail and telemarketing. The goals for selling are discussed. Knowledge and Skills Knowledge: The definition and goals of selling The various sales situations encountered in the business world The definition of feature-benefit selling How customers make decisions and the difference between rational and emotional buying decisions Sources for developing product information Prospecting sources and methods How leads are developed Preparation for the sale in business-tobusiness selling and retail selling Skills: Explain the importance of sales forecasting Role play the steps of the sale Formulate the key factors in building a clientele Develop a rapport with client/customer Forecast client/customer needs Arizona CTE Standards 1.0 Analyze factors that influence consumer behavior 1.3 Analyze customer buying decisions 4.0 Examine concepts, research, and information needed to develop and implement a marketing plan 4.17 Explain methods and sources of prospecting for new customers 6.0 Apply selling concepts 6.1 Explain the importance of sales forecasting 6.2 Discuss the nature and scope of selling 6.3 Determine key factors in building a clientele 6.4 Analyze product information to identify product features and benefits 6.5 Assess customer/client needs 6.6 Analyze support activities needed for selling 6.7 Analyze technology for use in sales functions 6.8 Facilitate customer buying decisions 7.0 Examine sales pathways 7.1 Compare retail and wholesale sales methods 7.2 Examine business to business sales 7.3 Discuss telemarketing sales techniques 7.4 Examine internet sales Economic Standard Resources Marketing Essentials chapter 12 12 BE52 – Marketing I Career & Technical Education Unit 7: Initiating the Sale Students will construct an approach using the first two steps of the sales process to determine customer needs. Knowledge and Skills Knowledge: The seven steps of a sale The importance and purposes of the approach in the sales process How business-to-business sales representatives conduct the initial approach The three initial approach methods used by retail sales people Why determining needs is an essential step in the sales process Three methods used for determining needs Skills Analyze product information to identify product features and benefits Assess customer/client needs Analyze support activities needed for selling Analyze technology for use in sales functions Address the needs of individual personalities Establish relationship with client/customer Assess client/customer needs Examine business to business sales Discuss telemarketing sales techniques Examine internet sales Demonstrate approach methods Arizona CTE Standards 6.0 Apply selling concepts 6.5 Assess customer/client needs 6.9 Address the needs of individual personalities 6.10 Establish a relationship with clients/customers 7.0 Examine sales pathways 7.2 Examine business to business sales 7.3 Discuss telemarketing sales techniques 7.4 Examine internet sales 7.5 Demonstrate approach methods Economic Standard Resources Marketing Essentials Chapter 13 Glencoe Marketing Series - Retail Merchandising softbound booklet Chapter 3 (Store based retailing) Glencoe ECommerce chapter 3 (Retailing on the internet) 13 BE52 – Marketing I Career & Technical Education Unit 8: Presenting the Product Students will simulate the essential steps in the sales process by presenting the product and overcoming objections. Knowledge and Skills Knowledge: Product presentation How products are selected for the presentation What to say during the product presentation Four techniques that will make a lively and effective product presentation Difference between objections and excuses The five buying decisions upon which common objections are based The general four-step method for handling customer objections Specific methods of handling objections and when each should be used Skills: Arizona CTE Standards 6.0 Apply selling concepts 6.6 Analyze support activities needed for selling 6.11 Demonstrate product presentation methods 6.12 Demonstrate handling customer objections and questions 7.0 Examine sales pathways 7.5 Demonstrate approach methods Economic Standard Resources Marketing Essentials chapter 14 Glencoe - Retail Merchandising softbound booklet Analyze technology for use in sales functions Establish relationship with client/customer Formulate product presentation methods Devise a plan for handling of customer objections and questions 14 BE52 – Marketing I Career & Technical Education Unit 9: Closing the Sale The students will investigate the last three phases of the sales process by closing the sale, suggestion selling, and relationship marketing. Knowledge and Skills Knowledge: The buying signals that a customer sends The rules for closing a sale The specialized methods of closing a sale Why suggestive selling is important The rules of effective suggestion selling Specialized suggestion selling methods The concept of relationship marketing and how it is related to the sales process Skills: Examine the handling of customer objections and questions Role play the methods of closing a sale Implement suggestion selling Arizona CTE Standards 5.0 Demonstrate retail sales techniques 5.5 Demonstrate methods of credit sales 6.0 Apply selling concepts 6.7 Analyze technology for use in sales functions 6.8 Facilitate customer buying decisions 6.10 Establish a relationship with clients/customers 6.13 Demonstrate methods of closing a sale 6.14 Demonstrate suggestion selling Economic Standard Resources Marketing Essentials chapter 15 Glencoe - Retail Merchandising softbound booklet 15 BE52 – Marketing I Career & Technical Education Unit 10: Using Math in Sales Students will evaluate the sales process by recording the transaction using technology. Knowledge and Skills Knowledge: The three general functions of all cash registers The arrangement of currency and coins in a cash register drawer The two methods of making change The two most important rules for safeguarding money at the cash register The general content of sales checks and the basic ways of generating them The various types of sales transactions The math calculations necessary to fill out sales checks Skills: Compare retail and wholesale sales methods Calculating business to business and retail sales transactions Calculate a percent to a decimal and multiply whole numbers and fractions (Math CC Standard 7.RP.3) Solve mathematical equations related to final cost of product(s) (Math CC Standard HS.A-CED.1) Create a spreadsheet to prepare effective tables and graphs to communicate numerical data for marketing Arizona CTE Standards 5.0 Demonstrate retail sales techniques 5.1 Practice proper cash register POS System (Point of Sale) 5.2 Display proper cash handling skills 5.3 Explain the use of the debit card system for sales 5.4 Describe and classify products including convenience goods, specialty goods, and impulse goods 5.5 Demonstrate methods of credit sales 5.6 Discuss fraud and security issues related to retail sales 5.7 Calculate mark-up and discount pricing Economic Standard Resources Marketing Essentials Chapter 16 CTE Math coach Campus Resource Officer for retail security issues. 16 BE52 – Marketing I Career & Technical Education Unit 11: Promotional Concepts and Strategies Students will assess the promotional mix by using the four basic types of promotion: advertising, selling, sales promotion, and public relations. Knowledge and Skills Knowledge: The role of promotion in marketing The concept of promotional mix The characteristics of personal selling and advertising The nature and scope of publicity The characteristics of sales promotion The concept of trade promotions The different kinds of consumer sales promotions The nature and scope of public relations The different audiences for public relations The duties of public relations specialists How to prepare a news release Skills: Critique the elements of a promotional mix Compare and contrast the types of advertising media Analyze the career of a public relations specialist Report the components of a public relations plan Arizona CTE Standards Examine concepts, research, and information needed to develop and implement a marketing plan 4.23 Develop a sales promotional plan 4.24 Prepare a multi-media promotion based on research 4.25 Present the marketing plan 10.0 Demonstrate advertising, public relations, and visual merchandising strategies3 10.1 Explain the role of promotion 10.2 Discuss the components of a promotional mix 10.3 Compare types of advertising media (i.e., radio, television, outdoor) 10.7 Explain the roles of departments in an advertising agency 10.8 Examine the role of a public relations specialist 10.10 Outline the components of a public relations plan 11.0 Demonstrate business and financial management practices needed by marketing entrepreneurs 11.1 Interpret financial information needed for decision making and planning 11.2 Monitor and adjust business operations based on financial performance 11.3 Explain the purpose and importance of credit 4.0 Economic Standard Resources Marketing Essentials text chapter 17 Glencoe Marketing Series Fashion Marketing chapter 12.2 (Fashion Advertising and Promotion) Glencoe Marketing Series Sports & Entertainment Marketing chapter 8 (Sports promotion) 17 BE52 – Marketing I Career & Technical Education Unit 12: Visual Merchandising and Display Students will discuss the importance of visual merchandising as a promotional strategy. Knowledge and Skills Knowledge: The concepts of visual merchandising and display The important display features that contribute to a business’s image The various types of displays The steps used in designing and preparing displays The artistic considerations involved in display preparation The maintenance consideration for displays Skills: Construct a display to promote a product Recommend various aspects of visual merchandising based on business image Explain the role of merchandising and visual merchandising Analyze the artistic elements of graphics, signage, color, lighting, and sound Justify the importance of display maintenance Arizona CTE Standards 10.0 Demonstrate advertising, public relations, and visual merchandising strategies 10.6 Explain the roles of merchandising and visual merchandising Economic Standard Resources Marketing Essentials text chapter 18 Glencoe Fashion Marketing chapter 12.1 (Visual merchandising and display) Glencoe Marketing Series – Retailing chapter 9 (store design and visual merchandising) Field trip to the mall 18 BE52 – Marketing I Career & Technical Education Unit 13: Advertising Students will differentiate the different types of advertising available to promote a business. Knowledge and Skills Knowledge: The concept and purpose of advertising The different types of advertising media How various media rates are set The costs of print media The standards for selecting promotional media How advertising campaigns are developed The creation of advertising headlines The preparation of advertising copy The selection of advertising illustrations The significance of advertising signatures The importance of advertising layouts The principles of preparing an ad layout The advantages and disadvantages of using color in advertising How typefaces and type sizes can be changed to add variety and emphasis to print advertisements How to check advertising proofs Arizona CTE Standards 6.0 Apply selling concepts 6.7 Analyze technology for use in sales functions 7.0 Examine sales pathways 7.4 Examine internet sales 10.0 Demonstrate advertising, public relations, and visual merchandising strategies 10.4 Analyze the components of advertisements 10.9 Compare costs of advertising methods Economic Standard Economic Concept 5: Personal finance PO 2: Analyze how advertising influences consumer choices Resources Marketing Essentials text Chapter 19 Internet examples (Super bowl commercials) Skills: Compare the types of advertising media (i.e. radio, television, outdoor, online) Analyze the components of advertisements Investigate the roles of the various departments of an advertising agency Compare costs vs potential profit of advertising methods 19 BE52 – Marketing I Career & Technical Education Unit 14: Preparing Print Advertisements Students will analyze the components of advertising with print ads. Knowledge and Skills Knowledge: How advertising campaigns are developed The creation of advertising headlines The preparation of advertising copy The selection of advertising illustrations The significance of advertising signatures The importance of advertising layouts The principles of preparing an ad layout The advantages and disadvantages of using color in advertising How typefaces and type sizes can be changed to add variety and emphasis to print advertisements How to check advertising proofs Arizona CTE Standards 10.0 Demonstrate advertising, public relations, and visual merchandising strategies 10.4 Analyze the components of advertisements Economic Standard Economic Concept 5: Personal finance PO 2: Analyze how advertising influences consumer choices Resources Marketing Essentials text chapter 20 Skills: Analyze the components of print advertisements Creation of a print ad layout utilizing technology Write an effective headline, copy and use appropriate illustrations Explain the roles of the various departments of an advertising agency Create slogans, logos and signatures 20 BE52 – Marketing I Career & Technical Education Unit 15: The Free Enterprise System Students will understand the operation of the United States free enterprise system as it relates to the role of government and the power of consumers. Knowledge and Skills Knowledge: Basic principles of a free enterprise system The role of competition The importance of risk and profit The roles government plays in our free enterprise system The supply and demand theory Skills: Discuss the nature of economics and economic activities Evaluate the principles of supply and demand Justify the concept of competition Contrast and connect similarities and differences of the roles of government and the free enterprise system Arizona CTE Standards Examine fundamental management concepts that affect business decision making 8.9 Compare the types of business ownership including sole proprietorship, partnership, and corporations 8.10 Analyze management strategies related to business risk 8.0 Economic Standard Concept 2: Microeconomics PO 1: Describe how the interdependence of both households and firms is affected by trade, exchange, money, and banking PO 2: Describe how markets function PO 3: Describe how government policies influence the economy Concept 3: Macroeconomics PO 1: Determine how inflation, unemployment, and gross domestic product statistics are used in policy decision PO 2: Explain the effects of inflation and deflation on different groups Resources Marketing Essentials Chapter 3 Virtual Economics lessons Econ EdLink lessons NCEE materials ASU’s Student Economics Association presentations 21 BE52 – Marketing I Career & Technical Education Unit 16: Global Economics Students will analyze different global economic systems and concepts. Knowledge and Skills Knowledge: What is economics The factors of production The three basic economic questions The difference between a market economy, command economy, and mixed economy Different types of economic philosophies The goals of an economy The various measurements used to analyze an economy The four phases of the business cycle Skills: Compare marketing and its importance to a global economy Describe the methods a marketing organization can use to effectively manage its economic resources Describe the political, economic and sociocultural, and technological differences Discuss the concept of competition Relate the impact of business cycles on business activities Describe economic indicators and trends (GDP, CPI, etc.) Predict the three basic economic questions 2.0 2.1 2.2 2.3 2.4 2.5 2.6 4.0 4.3 Arizona CTE Standards Analyze economic principles and pricing strategies Describe the nature of economics and economic activities Explain the principles of supply and demand Discuss the concept of competition Explain the concept of productivity Describe economic indicators and trends (GDP, CPI, etc.) Relate the impact of business cycles on business activities Examine concepts, research, and information needed to develop and implement a marketing plan Explain marketing and its importance on the global economy Economic Standard Concept 1: Foundations of Economics PO 1: Analyze the implications of scarcity PO 2: Analyze production possibilities curves to describe opportunity costs and tradeoffs PO 3: Describe the characteristics of the mixedmarket economy of the United States PO 4: Evaluate the economic implications of current events from a variety of sources PO 5: Interpret economic information using charts, tables, graphs, equations, and diagrams Resources Marketing Essentials textbook Chapter 4 Virtual Economics lessons Econ EdLink lessons NCEE material (Focus Globalization) Glencoe ECommerce chapter 4 (Global ecommerce) Concept 3: Macroeconomics PO 1: Determine how inflation, unemployment, and gross domestic product statistics are used in policy decision PO 2: Explain the effects of inflation and deflation on different groups Concept 4: Global Economics PO 1: Analyze the similarities and differences among economic systems 22 BE52 – Marketing I Career & Technical Education Unit 17: Business and Social Responsibility Students will distinguish the purpose of business ethics, government regulations, and social responsibility. Knowledge and Skills Knowledge: The basic functions of a business How to distinguish businesses from each other based on general characteristics The importance of e-commerce The concept of derived demand The major types of businesses that comprise the industrial market The areas in which businesses are thought to have social responsibilities The ways that business activities have impacted our environment The definition of ethics and how marketers can make ethical choices The meaning of consumerism and a brief history of the movement The current trends and concerns in the workplace for employees Arizona CTE Standards Analyze factors that influence consumer behavior 1.4 Explain the role of business in society 2.0 Analyze economic principles and pricing strategies 2.5 Describe economic indicators and trends (GDP, CPI, etc.) 2.13 Explain factors affecting pricing decisions 8.0 Examine fundamental management concepts that affect business decision making 8.6 Describe cultural/ethnic differences 1.0 Economic Standard Resources Marketing Essentials textbook chapter 5 Skills: Investigate career options in E-Commerce marketing Explore the functions of business Discover elements that distinguish large vs. small businesses, domestic vs. global, profit vs. nonprofit, public vs. private Summarize the factors, including personal traits, which contribute to the success of a small marketing company Evaluate the role of marketing businesses on local, state, national and international economies Explain the role of business in society Identify federal regulatory agencies and laws that protect consumers, workers, investors, and the environment 23 BE52 – Marketing I Career & Technical Education Unit 18: International Trade Students will differentiate the role of government in relation to international trade and the benefits of trading. Knowledge and Skills Knowledge: The interdependence of nations The benefits of international trade Government involvement in international trade Balance of trade Trade barriers Trade agreement and alliances How businesses can get involved in international trade The standard business practices involved in importing and exporting The cultural, economic, and political factors that should be considered when deciding whether to do business abroad Arizona CTE Standards Analyze economic principles and pricing strategies 2.7 Explain international trade 2.8 Determine influences on a nation’s ability to trade 8.0 Examine fundamental management concepts that affect business decision making 8.2 Describe the methods an organization can use to manage its economic resources 2.0 Economic Standard Economic Concept 4: Global Economics PO 1: Analyze the similarities and differences among economic systems PO 2: Describe the effects of international trade on the United States and other nations Resources Marketing Essentials textbook chapter 6 Virtual economics lessons NCEE materials on globalization EconEdLink lessons Skills: Describe the benefits of international trade Determine influences on a nation’s ability to trade Discuss the balance of trade Compare and contrast types of trade barriers Compare significant trade agreements and alliances Investigate global marketing strategies 24