Instructions
in the course of their lives, people occasionally want to make a major purchase. cars and houses are common examples. some people want to buy a boat, land, or a business. in each case, a large amount of money is needed. the price often exceeds what the buyers currently have in their bank accounts. in such instances, money must be borrowed to complete the transaction. this is a common occurrence in the financial world, but taking out a loan involves a process. borrowers must fill out an application and provide different pieces of information that lenders will evaluate before approving the loan.

consult internet or library resources to review the components of a loan application package. take note of the different types of information (e. g., income, assets, outstanding debts) that prospective borrowers must provide to lenders. use the information you find to write a brochure or flyer for a fictional bank or lending institution at which you work. pretend that your brochure/flyer will be given to customers to explain your institution’s loan application package.

All of the industries and businesses in the country of marksenia are privately owned and sell products at different prices that are not controlled by the government or any other organizational body. consumers in marksenia are free to buy as much of the products as they like from the businesses they want. the country of marksenia has a

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?