Buisness+Observations

1) A. I though that Macho Nachos did a great job during their first sale day. They had many customers because of their advertising prior to their sales. People had an idea of what they were selling. I though that D&M Designs did well too. They didn’t advertise as much as they should have, but their display was appealing, the product was good, and the price list was very easy to understand. They kept it simple for the most part and that brought their sales up. B. I think that five of the most successful businesses right now are; Apple, McDonald's, Google, Toyota, Woodman's. I think that these businesses that have been so successful for two reasons. One, they have advertised as much as they can. Every time I am watching TV I always happen to come across a Woodman's, Toyota, Apple, or McDonald's commercial. That just gets these stores stuck in people's heads. Two, these business have something people want. Whether it's food, a car, answers, or entertainment they are able to sell it and for less.

2) A. I think that Fruity Tutee spent more money on actually making the smoothies than they did selling them. If they had their prices higher they could have made a profit. Everyone really like the smoothies and would have paid more too. B. Another business that is in high demand is Yahoo. It is a search engine that many people go to numerous times a day to search stuff. Yahoo is also the most common email that people have, but it it doesn't charge people for either of these things. The way this company makes money is by the advertisements they place on their page. People pay a lot of money to have their ads placed on a popular website. That is where they make their money from. Eventhough this is a source of income it doesn't add up.

3) A. I don't think that the 25% tax change will have any impact on how the class runs their businesses. No matter wheather they make a higher profit or a lower profit they will still get that 25% deducted out of their total sales. Everyone will just keep running their businesses like before. The only change will be that they will have money taken out of their sales depending on how much they did make. B. One of the taxes American Government had collectd throughout history is Income Tax. Everyone has heard of it, but not as many people know about the sixteenth amendment. This amendment was made to authorize federal income taxes. This amendment states, "//The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."// It is basically saying that the congress can collect taxes on people's incomes without being questioned or going through a process.

4) On March 30, 1867 the United States bought Alaska from the Russian Empire for $111 million in today's dollars. The Russians sold this land beacuse they feared that if they didn't it would be conquered by west ward expansion anyway. At first they tried to start a bidding war by playing one bidder against the other, but that plan didn't work. So, they ended up just selling it to the United States. The 1890's gold rushes in Alaska brought thousands of miners and settlers. In 1912 the capital was moved to Juneau. Alaska went through many changes before it finally became the 49th state of the United States on January 3, 1959.

5) I don't think that it is good for our business to have competetion. I think that by eliminatng competetion you are accumulating more customers. Your customers need the service or good that you are selling. If no one else is able to provide that for them they have no other option than to buy from you. Also, if you don't have competetion you don't have any prices to match or beat. No one is beating your prices because you are the only one who is providing that good or service. Therefore you can have the prices as high as you like as long as people are buying your product.