money and business
TRANSCRIPT
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Money and Business
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MONEY
• Money is any object of value that can be exchanged for a product or service.
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How can we save money?
Savings account: many people use a savings account to save money. They put money into the account, and the bank pays interest on it.
You don´t need a debit or credit card.Investing money: when you invest, you buy
something with the objective of selling it later for more money. People often invest in shares or bonds.
Money box: a money box is a box or container where people save money. You can put money into a money box whenever you want.
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Credit VS Debit
• Debit card: Your money leaves the bank account inmidiatly.( You only can spend the money you have)
• Credit card: Your money doesn´t leave the bank account inmidiatly.( You can spend more money that you have, The bank lends you the money but you have to give it back with interests)
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How do we spend our money? Where do we spend money?
- We spend money on high order products like cars and houses.
- We spend money on low order products such as food, drinks and medicines. We buy these every week.
- We spend money in:Town centres Shopping centres On the internet
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A budget• It is the amount of money that we have
to spend. Budgets help us control how much we spend.
Household budgets: many people use budgets for their shopping.
Business budgets: many businesses use budgets to plan how much they will spend on raw materials and products.
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What types of companies are there?
In a partnership, two or more people own and direct a company together.
A corporation is owned by the people who have shares in the company. If they operate in other countries, we call them multinationals
A sole trader owns and directs his or her own company.
In a cooperative, all the people working in the company own it together.
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An organisational chart shows how a company is organised. It shows who works for the company and what their responsibilities are. The most important jobs appear at the top of the chat.
What’s an organisational chart?