The Business Professor
Business Plan - Financial Projections
What should be included in the Financial Projections portion of the business plan? The financial section of your business plan should include a sales forecast, expenses budget, cash flow statement, balance sheet, and a profit and loss...
The Business Professor
Total Quality Management
What is Total Quality Management or TQM? Total quality management consists of organization-wide efforts to "install and make permanent climate where employees continuously improve their ability to provide on demand products and services...
The Business Professor
Payment Terms - Explained
What are Payment Terms for debtors of a business? Payment terms outline how, when, and by what method your customers or clients provide payment to your business. Payment terms are typically associated with invoice payments. They are an...
The Business Professor
Manufacturing Functions - Explained
What are Manufacturing Functions? Functions related to manufacturing operations may include the design and development of production lines, purchasing raw materials and components, selection of raw material suppliers and subcontractors,...
Curated Video
Baby Boom
“Baby Boom” will describe the time period from 1946-1964, which saw an increase in population and, ultimately, stimulated the nation’s economy.
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International Trade
International Trade analyzes how nations trade with one another to obtain goods and services they themselves cannot produce efficiently.
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Productive Resources
Productive Resources explores various productive resources by reviewing human resources, capital goods, and natural resources.
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Specialization & Division of Labor
The video “Specialization and Division of Labor” discusses the advantages and disadvantages of specialization and division of labor and explains the role of the assembly line in production.
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Specialization
Specialization evaluates how the availability of productive resources, including human, capital, and natural resources, promotes specialization that leads to trade.
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What Is Trade?
What Is Trade? defines the term trade and explains some advantages and disadvantages of trading.
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Types of Taxes
The video Types of Taxes explains the types of taxes paid at the local, state, and federal levels of the United States government, including income tax, sales tax, and property tax.
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Human Capital
“Human Capital” defines the term human capital and discusses specific examples.
Professor Dave Explains
Exchange Rates and Trade
We've talked about free trade, but one issue is that different countries utilize different currencies, and the values of those currencies are constantly fluctuating. The value of one currency with respect to another is called an exchange...
Curated Video
The First Continental Congress
The First Continental Congress explains the purpose of the First Continental Congress by identifying and summarizing what it accomplished and what agreement was made among the participants.
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Entrepreneurship
Entrepreneurship recognizes that entrepreneurs help to make goods and services available by exploring entrepreneurship.
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Types of Economic Systems
Types of Economic Systems compares various types of economic systems by exploring traditional, command, and market economies.
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Supply and Demand
Supply and Demand describes how the laws of supply and demand affect the prices and availability of goods.
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Factors That Affect Income
“Factors That Affect Income” discusses various economic factors that affect profit and income, such as inflation, deflation, unemployment, capital goods, human capital, and productivity.
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Daughters of Liberty
Daughters of Liberty examines and explains the changing roles and impact of significant women during the Revolutionary time.
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Adaptation in Canada
"Adaptation in Canada" describes how Canadians adapt to their physical environment.
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Factory to Shelf
You will compare the benefits and drawbacks of just-in-time manufacturing on the supply chain.
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NAFTA
A video entitled “NAFTA” which explains the purpose of the North Atlantic Free Trade Agreement.
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Shipping Goods Domestically
"Shipping Goods Domestically" discusses how products and resources are shipped across the United States by breaking down the three major ways this occurs.
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Industrialization
Industrialization investigates the effects that industrialization has on Earth and its inhabitants by analyzing the pros and cons of industrialization.