E-Commerce is a type of direct Channel of Distribution. In marketing, a Channel of Distribution is the path that a product takes from the manufacturer to the consumer.

____ _______is doing or buying something because you want to feel accepted and valued by people your own age.  ____ _______ influences people’s spending, especially for teenagers. Most VLC students should be subjected to less of this than students in bricks and mortar schools.

Which of the following is currently experiencing the most growth? Shopify is a great Canadian that helps entrepreneurs with this…

Commission is when an employee is given a percentage of the sales they make

Which is an example of equity financing?

The reason monopolies, like governments, are inefficient is because there are no incentives for bureaucrats to be innovative or creative. In a free market, where there is competition, there is an incentive for business owners to be creative as they compete against other businesses.

Business is hard because pleasing other people is hard! But it is rewarding!! Your brain produces dopamine when you help others! Dopamine makes you feel good, it is almost like your brain was designed that way?

The “Law of Demand” states that the lower the price of a good or service the lower the demand for that good or service.

Saving for emergencies doesn’t make sense because those expenditures are so unpredictable.

One formula for the calculation of gross profit is sales revenue – cost of goods sold. Peter Harley owns a company that sells $14,500 in widgets that cost $10 per widget. The widgets cost $5 to manufacture and $1 to ship his store where he sells them. His gross profit is…   Below are some of the costs in COGS:  Direct materials Direct labor Equipment costs involved in the production Utilities for the production facility Shipping costs