business model
a company's plan for generating revenues and profits
market value
the amount for which something can be sold on the market
Market captialization
number of outstanding shares times price per share
Apple hit a market cap of
$1 trillion
how many businesses in the U.S.?
30 million
capitalism
greater wealth and greater freedom than socialism
socialism
"free" stuff and less freedom, smaller wealth gap between very richest and very poorest
unity of command
people should only have one boss
FASB
Financial Accounting Standards Board
CFO
Chief Financial Officer
CEO
Chief Executive Officer
IPO
initial public offering
NAFTA
North America Free Trade Agreement
NAFTA participants
U.S., Canada, and Mexico
HRM
human resource management
4 Ps of marketing
product, price, place, promotion
businesses are doing what with their earnings per share
rounding 55.4 cents to 55.5 cents to 56 cents
chairman of the Federal Reserve
Jerome Powell
net worth
assets minus liabilities
product liability
if a product has a defect, the business is liable
competition in grocery industry is
intense
audits
official inspection of an individual's or businesses account
independent audits
auditors from the outside of the business
The Big Four Accounting Firms
PwC, Ernst & Young, Deloitte, and KPMG
SEC
Securities and Exchange Commission of U.S.
mutual funds
"basket" of stocks with 500 different companies
ESG
Environmental, Social, Governance
FCIO score-bad
350
FCIO score-excellent
850
Israel per captia GDP
$61,372
Israel fertility rate
3+
ideal corporate leadership
leaders, driven, smart, and mature
Marketing of Luxury Brands
they destroy leftover merchandise