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Decks in this class (4)
Business Life Cycle Stages Empathize Domain 1 Lesson 1
List the correct order of the bus...,
Michael owns a small but profitab...,
Bill just started a new graphic d...
4
cards
Legal Structures | Domain 1 Lesson 1
An S corporation and C corporation have specific tax advantages and limited liability. They have shareholders, a lower tax rate, and follow strict qualifications to create. A limited liability company (LLC) has a personal tax rate.
6
cards
Roles and Compensation Domain 1 Lesson 1
Some common roles are the Chief Executive Officer (CEO), Chief Financial Officer (CFO), and Chief Operations Officer (COO). These are the highest-ranking employees and make the major decisions for a company. The owner or founder is the only role that is not interchangeable. Stakeholders are individuals or groups that have an interest in the success of a company. They might serve on the board of directors. Stockholders have a vested interest in a company, meaning they pay for part of the ownershi
10
cards
The Design Thinking Process Domain 1 Lesson 1
As a business owner, it is important to keep the needs of customers in mind. The design thinking process has five elements for a design team to develop products that meet customers’ need. These elements are: empathize, define, ideate, prototype, and test. The stages typically flow in this order, but the team can return to previous stages as needed. Identifying the needs of customers is the first stage. Next, the team identifies and defines any problems customers are facing. The team creates so
4
cards
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CTE BME Cert Material Domain 1 Lesson 1
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