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LAP-EC-002, Risk Rewarded (Factors Affecting Profit) (Download) Economics, Free Enterprise
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MBA Research Item #: LAP-EC-002 -

Owning your own business is risky, but if you do it right, you’ll receive something for your efforts: profit, which is your reward for taking the risk involved in investing in a business. The financial gains realized from profit provide business owners with a real incentive to build successful businesses. Use Risk Rewarded to teach your students about types of profit, the benefits received from profit, the external and internal factors that affect profit, as well as ways to gain more profit....

LAP-EC-003, Lose, Win, or Draw (Business Risk) (Download) Economics, Free Enterprise, Entrepreneurship, Risk Management
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MBA Research Item #: LAP-EC-003 -

Your students take risks all the time, but do they realize how to translate their everyday risk experiences into the business world? If not, Lose, Win, or Draw can show them how! Use this LAP to teach your students the types of risk that businesses face, as well as how to handle them. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. This LAP includes a student handout (with CopyIT! permission) that includes information about...

LAP-EC-004, Beyond US (Global Trade) (Download) Economics, International Business,
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MBA Research Item #: LAP-EC-004 -

Do your students know where their stuff comes from? Chances are, their favorite products have traveled a great distance to get to them. In this LAP, students will discover the impact of globalization – both on their everyday lives and on the buying and selling of goods across the world. They will learn why countries engage in global trade, the economic benefits of global trade, and the many barriers to trade. In the Gray Zone, students will examine the ethicality of sweat-shop labor, an...

LAP-EC-006, Are You Satisfied? (Economics and Economic Activities) (Download)
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MBA Research Item #: LAP-EC-006 -

For the last 40 years, the Rolling Stones have been telling us that you can’t always get what you want. How right they are. Every consumer, business, and society has unlimited, competing wants, but they all have limited resources. Sure, it’s human nature. But it’s also economics—the process of deciding how to get the greatest satisfaction from the least amount of resources. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP...

LAP-EC-008, Ready, Set, Compete! (Competition) (Download) Economics, Free Enterprise, Entrepreneurship,
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MBA Research Item #: LAP-EC-008 -

Competition isn’t just for sports teams—it’s also essential in the business world. This LAP explains how businesses compete directly and indirectly, how price and nonprice competition work, and the different types of market structure. It also explains why competition is so beneficial for businesses, customers, and society. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission)...

LAP-EC-010, Get the Goods on Goods and Services (Economic Goods and Services) (Download) Business Basics, Business Functions, Economics
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MBA Research Item #: LAP-EC-010 -

Everyone has wants, but how do those wants affect the economy? Most consumers don’t have the money to buy everything that they want, and the decisions consumers make determine what goods and services are produced! This LAP explains why decision making is so important, the difference between economic and noneconomic wants, the characteristics of goods and services, and how to classify economic goods. LAPs are comprehensive instructional packages that include all elements of a performance-oriente...

LAP-EC-011,  Its the Law (Supply and Demand) (Download) Business Basics, Business Functions, Economics, Free Enterprise, Pricing
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MBA Research Item #: LAP-EC-011 -

Your students might think they understand supply and demand, but do they know about buyer’s and seller’s markets, achieving equilibrium, and elastic and inelastic demand? It’s the Law will teach them all these concepts and more! They’ll learn all about how supply and demand work together and affect every business. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission) that...

LAP-EC-012, When More Is Less (Functions of Prices) (Download) Economics, Business Basics, Business Functions, Pricing, Marketing
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MBA Research Item #: LAP-EC-012 -

Can your students explain why they pay what they do for products and services? Or how supply and demand influence prices? Most likely, they haven’t given the concept of price much thought. This LAP helps your students learn why prices are important; the functions of prices; how prices are determined; and how consumers, businesses, and resource owners use prices to make economic decisions every day. LAPs are comprehensive instructional packages that include all elements of a performance-oriented...

LAP-EC-014, Be Resourceful (Economic Resources) (Download) Economics
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MBA Research Item #: LAP-EC-014 -

Economic resources (factors of production) enable businesses to produce the goods and services that consumers want. Regardless of product or size, a significant consideration affecting a business’ success is its ability to choose and use the best combination of natural resources, human resources, and capital goods. Use this LAP to help your students learn about the different types of resources and their limitations, how to respond to limited resources, and why economic resources are important...

LAP-EC-018, Make the Most of It (Productivity) (Download) Efficiency, Economics, Free Enterprise
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MBA Research Item #: LAP-EC-018 -

Productivity involves working hard and keeping busy, but there’s more to it than that. What can businesses and individuals do to improve productivity? And what will get in the way of productivity? Help your students learn the answers to these questions, as well as the ways that productivity affects businesses, workers, consumers, society, and the economy with Make the Most of It. LAPs (Learning Activity Packages) are comprehensive instructional packages that include all elements of a...

LAP-EC-071, Strictly Business (Business Activities) (Download) LAP-EC-019, Business Basics, Business Functions, Economics
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MBA Research Item #: LAP-EC-071 -

Just as the human body needs to accomplish certain activities to live and maintain health, companies need to engage in primary business activities to survive – and thrive. In this LAP, students will discover the core business activities of financial analysis, human resources management, information management, marketing, operations, and strategic management. Students will also learn about the interdependence of these activities as well as how they shift and adapt during changing circumstances....

LAP-FI-007, Money Matters (Role of Finance) (Download) Financial Management, Credit
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MBA Research Item #: LAP-FI-007 -

Finance can be a tricky subject, but you can help your students learn all about it with Money Matters. This LAP will teach students how finance helps a business set goals, plans and controls a company’s spending, and more! Money Matters also explains complicated concepts, like capital investment decisions and working capital management, in a clear, easy-to-understand manner. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. The...

LAP-FI-009, By the Numbers (The Need for Financial Information) (Download) Financial Management, Budgeting, Recordkeeping, Financing, Accounting
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MBA Research Item #: LAP-FI-009 -

Businesses must gather and organize their financial information. Teach your students about the types of financial information businesses use as well as how they use it. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission) that includes information about the need for financial information, a (So What?) discussion of why it's important to learn, ideas (Make it Pay!) for...

LAP-FI-085, Show Me the Money (Nature of Accounting) (Download) LAP-FI-005, Budgeting, Recordkeeping, Financing
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MBA Research Item #: LAP-FI-085 -

Though it might not seem as “glamorous” as inventing new products or creating marketing campaigns, accounting is an absolutely vital part of business success. Teach your students about the importance of accounting—what it is, why businesses need it, and how they use it. Explain to them the difference between managerial and financial accounting, and help them discover each step in the accounting cycle. LAPs are comprehensive instructional packages that include all elements of a...

LAP-FI-106, Money Tracks (Nature of Budgets) (Download) Financial Management, LAP-FI-003
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MBA Research Item #: LAP-FI-106 -

Running a business without a budget is like trying to steer a ship on a cloudy day without a compass—it’s far too easy to sail off course. Money Tracks helps you teach your students why budgets are so important, prepares you to discuss various types of budgets, and maps out your discussion of the characteristics that effective budgets possess. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. This LAP includes a student handout (with...

LAP-HR-035, People Pusher (Nature of Human Resources Management) (Download) Recruiting, Training, Employing, Careers
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MBA Research Item #: LAP-HR-035 -

Successful business organizations depend on their employees, or human resources. Managing human resources involves a lot more than just interviewing and hiring! HR managers administer benefits, oversee training and development, ensure compliance, and more. This LAP shows students just how influential the HR function is in every business. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with...

LAP-MK-001, Work the Big Seven (Marketing Functions) (Download)
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MBA Research Item #: LAP-MK-001 -

The marketing functions – market planning, product/service management, marketing-information management, pricing, channel management, promotion, and selling – all play significant roles in carrying out a business’s marketing plan and attracting the target customer to the business. Work the Big Seven explains each marketing function, its importance, and how the marketing functions work together to bring success. LAPs are comprehensive instructional packages that include all elements of a...

LAP-MK-004, Have It Your Way! (Nature of Marketing) (Download) Business Basics, Business Functions, Business Administration
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MBA Research Item #: LAP-MK-004 -

Marketing makes the world go round. It makes our lives better, provides us with a variety of goods and services, and encourages trade between nations. Marketing is essential for business success, yet many students know nothing about it. Use this LAP to introduce your students to marketing activities, the marketing concept, and the many ways that marketing impacts us every day. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each...

LAP-MK-019, Just Do It...Right (Company Actions and Results) (Download) LAP-MK-003, Marketing, Management
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MBA Research Item #: LAP-MK-019 -

In the world of business, one thing leads to another. The actions companies take today will lead to the results, good or bad, that they face tomorrow. Teach your students about positive and negative company actions and results with Just Do It...Right. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. This LAP includes a student handout (with CopyIT! permission) that includes information about company actions and results, a (So What?)...

LAP-NF-110, In the Know (Nature of Information Management) (Download) Information Management, LAP-NF-003
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MBA Research Item #: LAP-NF-110 -

Information management is the process of accessing, processing, maintaining, evaluating, and disseminating knowledge, facts, or data for the purpose of assisting business decision making. A business’s information management program collects internal and external data, stores it, processes it into information, and presents it in a useful format. Learn how information management can help your business! LAPs are comprehensive instructional packages that include all elements of a...

LAP-OP-002, Buy Right (Purchasing) (Download) Operations, Buying
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MBA Research Item #: LAP-OP-002 -

Do your students understand what purchasing specialists do and what the ultimate goal of purchasing is? If not, teach them with Buy Right. Students will learn about the importance of purchasing, the types of purchasing, and how purchasing specialists can help their companies. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission) that includes information about purchasing, a...

LAP-OP-017, Can You Make It? (Nature of Production) LAP-OP-004, Operations
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MBA Research Item #: LAP-OP-017 -

Production is all around us and crucial to businesses and society. This LAP gives a detailed look at the resources used in production and the importance of each stage of the production process—from planning and purchasing to routing and dispatching. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission) that includes information about the nature of production, a (So What?)...

LAP-OP-189, Smooth Operations (Nature of Operations) (Download) LAP-OP-003
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MBA Research Item #: LAP-OP-189 -

Just how important is the operations function to successful businesses? Teach your students the importance of every activity involved in the operations process—from planning and logistics to maintenance and expense control—and the impact they have on the overall production of goods and services. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission) that includes information...

LAP-PD-025, Go For It! (Careers in Business) (Download) LAP-PD-015, Professional Development
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MBA Research Item #: LAP-PD-025 -

Careers in business come in many shapes and sizes. The possibilities are endless, but it’s important to know what options are available. Teach your students more about different business careers and what it takes to succeed in the business world. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. This LAP includes a student handout (with CopyIT! permission) that includes information about careers in business, a (So What?) discussion...

LAP-SM-003, Manage This! (Concept of Management) (Download) Strategic Management, Planning
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MBA Research Item #: LAP-SM-003 -

Management careers are everywhere, and managers are more than just “talking heads.” This LAP walks students through the basics of management—what managers do, what skills they need, and what types of resources they manage, as well as what levels of management most companies have. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission) that includes information about the concept...

LAP-SM-007, Plan Now, Succeed Later (Nature of Business Plans) (Download) Management, Planning, Entrepreneurship, LAP-SM-001
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MBA Research Item #: LAP-SM-007 -

Do your students know how crucial business plans are for business success? This LAP helps teach them what goes into the different components of a business plan and how a well-written business plan can put investors and business owners on the path to success. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission) that includes information about the nature of business plans, a...

LAP-SM-075, Prepare for the Worst; Expect the Best (Nature of Risk Management) (Download) LAP-FI-008
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MBA Research Item #: LAP-SM-075 -

All business is risky. But smart businesses manage their risk. Help your students understand how businesses use risk management to avoid loss, create strategy, and increase profits. Prepare for the Worst; Expect the Best explains how risk management is used to identify, monitor, and evaluate past and future risks. Cyber security, drones, computer animation, and space exploration are used to explore some cutting-edge technologies businesses use to manage risk today. LAPs are comprehensive...