Economics and Business
my innovative idea
6 key concepts
name/slogan
business/idea
product or a service
why should people buy it
main customers
competition
where will i sell it
how will i attract customers
how much will it cost
Self-Measuring AFL Ball
You kick it, it measures
My idea is a AFL ball that measures how hard and how far you kick the ball
My ball is a product because you can touch it and buy it
My main customers will be people that have to work on their kicks long distance kicks, short hard kicks or just want to see how far they can kick the ball
My competition is normal AFL balls that cant measure how far you kick the ball or how hard you can kick it all it does is just fly through the air
I will sell my product at The AFL Store, BigW, Kmart, Rebel, Jim Kid Sports, AFL World Wide and Sporting house direct
The ball will cost $175 when it first comes out and after a few weeks it will drop to $100 then $50
I will attract customers with spam emails, text messages, ads on TV, posters and sponsorship from HJ'S
Scams
scarcity
making choices
specialization and trade
interdependence
allocation and markets
economic performances and living standards
a world wide problem of having unlimited needs and wants but limited resources
we make choices when we buy things you way up if you want to buy the new pair of shoes or the fruit your really need to buy
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different countries produce different thing for e.g. china produces cloths and we can buy or trade cloths and materials from china for cheap
a scam is a trap to dishonestly steal a consumers money. Scammers use different techniques to trap people.
The types of scams
Emotional
Internet and online scams
romance
charity and clairvoyant
emails
text messages
phishing
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the 5 'b's
Be Patient
Be cautious
Be Alert
Be suspicious
Be Wise