+ All Categories
Home > Documents > MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses...

MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses...

Date post: 30-Dec-2015
Category:
Upload: cleopatra-allen
View: 217 times
Download: 1 times
Share this document with a friend
Popular Tags:
31
MARKETS KCCT COACH BOOK CHAPTER 10
Transcript
Page 1: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

MARKETS

KCCT

COACH BOOK

CHAPTER 1

0

Page 2: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

PLEASE SELECT A TEAM.

Pretty purp

le ...

Rocksta

r M&M

s

Golden co

bras

Globe Tro

tters

Awesome A

s

Toxic W

asters

17% 17% 17%17%17%17%

Response GridResponse Grid

1. Pretty purple princesses2. Rockstar M&Ms3. Golden cobras4. Globe Trotters5. Awesome As6. Toxic Wasters

Page 3: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

WHAT IS A MARKET?

a MARKET exists whenever there are buyers and sellers exchanging goods and services

Markets can be physical—an actual place that people go to buy things

markets can be more digital—buying things over the telephone or on the internet

Page 4: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

SUPPLY AND DEMANDin a market, prices are controlled

by SUPPLY AND DEMAND (when the supply of goods is limited, and the demand is high, the price goes UP. When the supply of goods is high and the demand goes down, the price goes DOWN.)

can you think of an example of supply and demand?

Page 5: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

SUPPLY

The SUPPLY of goods is the amount of products available to be purchased

SUPPLY can also refer to the availability of the product to the seller also. ( the supplier may be able to deliver more of the product to the seller—it may not be available readily at the store, though)

Page 6: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

DEMAND

The DEMAND for goods refers to how many people not only want the product, but can readily afford to buy it

Many people want a sports car, but very few people can afford one, so the DEMAND is LOW for sports cars

can you think of some good or service where the demand is low?

Page 7: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

PRICE

The greater the demand for a product, the easier it is for a store to sell it

when there is a limited supply along with a high demand, there is a SHORTAGE

When there is a SHORTAGE, the price can go up

this is bad for the consumer

Page 8: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

PRICE

the greater the supply of a product, the harder it is to sell, of there is more product than is demanded, there is a SURPLUS

When there is a SURPLUS, there is more than needed, so the price drops

this is good for the consumer

Page 9: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

PRICE

when the supply and the demand balance, the price will stabilize

the seller will get a fair price for the product

the consumer will pay a fair price for the product

the law of supply and demand is essential to a free enterprise system

Page 10: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

A MARKET EXISTS WHENEVER THERE ARE:

25%

25%

25%

25%

Response GridResponse Grid

1.sellers2.buyers3.buyers and sellers4.neither buyers nor

sellers

Page 11: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

FOR WHICH ITEM IS THERE LIKELY TO BE THE GREATEST DEMAND?

25%

25%

25%

25%

Response GridResponse Grid

1. a broken fan2. chocolate bar3. replacement radio tube

#3AZ4. expensive stereo system

Page 12: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

FASTEST RESPONDERS (IN SECONDS)

0 Participant 1

0 Participant 2

0 Participant 3

0 Participant 4

0 Participant 5

Page 13: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

BOB MANUFACTURES WIDGETS. HIS OLD WIDGET (WIDGET 1.0) HAS JUST BEEN REPLACED BY A CHEAPER MODEL (WIDGET 2.0), WHICH IS NOW AVAILABLE IN STORES. HOW WILL THIS AFFECT THE PRICE OF WIDGET 1.0?

25%

25%

25%

25%

Response GridResponse Grid

1. it will increase2. it will decrease3. it will stay about the same4. it will both rise and fall

Page 14: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

UNDER WHICH CIRCUMSTANCES WOULD THERE BE A SURPLUS?

25%

25%

25%

25%

Response GridResponse Grid

1. high demand, high supply2. high demand, low supply3. low demand, high supply4. low demand, low supply

Page 15: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

RACING LEADER BOARD

Page 16: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

EXCHANGING GOODS AND SERVICES

in the past, the primary way people bought and sold things was through BARTER

BARTER is the direct exchange of goods/services (without money)

can you think of an example of BARTERING?

Page 17: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

EXCHANGING GOODS AND SERVICES

The problem with bartering, is that the goods/services being exchanged, didn’t always have equal values

Another problem is that one person may be offering a product/service for barter that the other person didn’t want

how would you solve this problem?

Page 18: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

EXCHANGING GOODS AND SERVICESthese problems led to the

development of MONEYMONEY is used to trade for goods or

services for the agreed upon valueMONEY is more efficient than

BARTERING for other reasons too…can you imagine carrying enough chickens with you to buy everything you need?

Page 19: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

BARTER IS A FORM OF:

25%

25%

25%

25%

Response GridResponse Grid

1. money2. goods3. services4. trade

Page 20: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

TEAM MVP

Points Team Participant

0 Team Participant

0 Team Participant

0 Team Participant

0 Team Participant

0 Team Participant

0 Team Participant

0 Team Participant

0 Team Participant

0 Team Participant

0 Team Participant

Page 21: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

THE STANDARD MONETARY UNIT IN THE UNITED STATES IS:

25%

25%

25%

25%

Response GridResponse Grid

1. dollar2. quarter3. 100 dollar bill4. penny

Page 22: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

PARTICIPANT SCORES

0 Participant 1

0 Participant 2

0 Participant 3

0 Participant 4

0 Participant 5

Page 23: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

WHICH OF THE FOLLOWING STATEMENTS IS TRUE?

25%

25%

25%

25%

Response GridResponse Grid

1. markets can be either physical or digital

2. only buyers are needed for a market to exist

3. only sellers are needed for a market to exist

4. it is a market only if buyers and sellers are exchanging services

Page 24: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

SUPPLY AND DEMAND AFFECTS:

25%

25%

25%

25%

Response GridResponse Grid

1. size of markets2. types of services3. stock4. prices

Page 25: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

TEAM SCORES

0 Team 1

0 Team 2

0 Team 3

0 Team 4

0 Team 5

Page 26: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

THE PRETTY POLLY DOLL IS A NEW, VERY POPULAR DOLL. THERE ARE NOT ENOUGH DOLLS FOR THE PEOPLE THAT WANTS ONE. THIS IS CONSIDERED A…

25%

25%

25%

25%

Response GridResponse Grid

1. surplus2. shortage3. demand4. market

Page 27: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

TEAM MVP

Points Team Participant

0 Team Participant

0 Team Participant

0 Team Participant

0 Team Participant

0 Team Participant

0 Team Participant

0 Team Participant

0 Team Participant

0 Team Participant

0 Team Participant

Page 28: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

AT LUNCH TODAY, MARY TRADED HER PICKLE FOR LOUISE’S CUPCAKE. THIS IS AN EXAMPLE OF…

25%

25%

25%

25%

Response GridResponse Grid

1. supply2. demand3. barter4. sale

Page 29: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

WHAT PERCENTAGE OF YOUR CURRENT POINTS WOULD YOU LIKE TO WAGER ON THE NEXT QUESTION?1.0%

2.25%

3.50%

4.75%

5.100%

Response GridResponse Grid

Page 30: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

PRICES GO DOWN WHEN:

25%

25%

25%

25%

Response GridResponse Grid

1. supply is high and demand is low

2. supply is high and demand is high

3. supply is low and demand is high

4. supply is low and demand is low

Page 31: MARKETS KCCT COACH BOOK CHAPTER 10. PLEASE SELECT A TEAM. Response Grid 1.Pretty purple princesses 2.Rockstar M&Ms 3.Golden cobras 4.Globe Trotters 5.Awesome.

RACING LEADER BOARD


Recommended