Page 4 – McGraw-Hill Introduction to Business

Uncertainty Abounds as States Reopen But Coronavirus Cases Rise

June 25, 2020

After months on lockdown, states across the country have relaxed stay-at-home orders and allowed businesses to gradually resume operations. This slight return to normalcy caused the stock market to rally over the last few weeks to levels approaching its January 2020 highs. But even though many Americans are desperate to return to something resembling normal life, coronavirus remains a dangerous threat to public health. In fact, cases of infection have been steadily rising as states and businesses reopen.

As a Continue reading →

AMC Theatres Plans to Reopen by July 15

June 23, 2020

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For months, movie theaters around the country have sat empty as Americans remained in their homes to curb the spread of coronavirus. With many businesses now gradually reopening, though, last week the nation’s largest film exhibitors also announced their plans for returning. AMC Theatres, for instance, will reopen by July 15th with a number of precautionary measures in place. Along with filling theaters to a maximum capacity of 30 percent, the company will also use advanced cleaning technology such as Continue reading →

AMC Theatres, Coronavirus, Entertainment, Ethics, Health, Marketing, Operations Management, Product Distribution

Chapter 13: Marketing, Chapter 15: Distribution, Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management

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[VIDEO] Why American Farmers Are Throwing Out Tons of Milk

June 19, 2020

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Back in April, we looked at how American dairy farmers were dumping thousands of gallons of milk due to drastic drops in demand from businesses and schools. This video illustrates how this problem has grown in the months since and offers potential solutions that could keep supplies and prices stable.

Questions:

How have dairy cooperatives responded to the supply crisis that was caused by the pandemic?
Do you think independent farmers should receive more relief from federal regulators? Why or why not?

Agriculture, Coronavirus, Ethics, Food & Drink, Health, Operations Management, Product Distribution, Regulation, Supply chains

Bonus Chapter A: Business Law, Chapter 15: Distribution, Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management

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Juneteenth to Become Paid Holiday at Major Companies

June 18, 2020

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Tomorrow is Juneteenth, a holiday that commemorates the end of slavery in the U.S. Although few major companies observed this day of remembrance in the past, many are now correcting this mistake in response to the protests that have been going on for weeks in cities across the country. Firms like Nike, Mastercard, Target, and Twitter recently announced that Juneteenth will become a paid holiday next year. Best Buy offered employees a “paid volunteer holiday” they can use this upcoming Continue reading →

Ethics, Holidays, Human Resources, Juneteenth, Labor Relations, Marketing, Operations Management, Promotions

Chapter 10: Motivation, Chapter 11: Human Resource Management, Chapter 13: Marketing, Chapter 16: Place and Promotion, Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management

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Starbucks Will Close 400 Stores in Order to Focus on Takeout Business

June 16, 2020

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Before the pandemic, Starbucks cafes across the country bustled with people grabbing all sorts of caffeinated beverages before work. With millions of Americans now telecommuting, however, these once crowded coffee houses are not nearly as busy as they used to be. As a result, last week Starbucks announced that it would close hundreds of locations across North America and shift its focus to takeout orders.

“This repositioning will include the closure of up to 400 company-operated stores over the next Continue reading →

Coronavirus, Food & Drink, Health, Marketing, Operations Management, Product Development, Product Distribution, Starbucks

Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management

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1.5 Million People Applied for Unemployment Last Week

June 11, 2020

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Tens of millions of Americans have filed for unemployment during the coronavirus pandemic. This historically high number increased by another 1.5 million last week as many people continue to struggle to make ends meet. Although the gradual reopening of businesses has sent some back to work, nearly 21 million Americans are still receiving unemployment benefits. All together, more than 44 million people have applied for unemployment over the course of the pandemic.

“That means 29 percent of the workforce Continue reading →

Coronavirus, Ethics, Federal Reserve, Human Resources, Labor Relations, Regulation, Unemployment

Bonus Chapter A: Business Law, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Chapter 1: Taking Risks and Making Profits, Chapter 20: Money and Financial Institutions, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility

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Adidas Tweets Against Racism but Receives Criticism from Employees

June 9, 2020

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For weeks, thousands of people across the country have been protesting against police violence following the death of George Floyd in Minneapolis on May 25th. In response to these historic events, many companies have voiced their support for the fight against racism on social media. Adidas, for instance, released a statement on Twitter expressing how the sportswear brand was “deeply saddened by what we see happening to our black community in America.” The company even retweeted an advertisement made by Continue reading →

[VIDEO] How Airbnb Fell From Successful Startup to Crisis Mode

May 27, 2020

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A couple of weeks ago, we looked at how Airbnb hosts are struggling after the travel industry came to a standstill due to widespread stay-at-home orders. This video explains in greater detail why the once successful startup was so vulnerable to an economic downturn and what that means for both Airbnb and its hosts in the long term.

Questions:

What factors made Airbnb so successful for nearly a decade?
Do you think Airbnb will be able to recover from this Continue reading →

[VIDEO] Explaining America’s Current Unemployment Crisis

May 21, 2020

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With tens of millions of Americans currently out of work, the U.S. is experiencing an unemployment crisis on a scale not seen since the height of the Great Depression. This video looks at the devastating effects of rising joblessness while also explaining how several European governments intervened to avoid disastrous unemployment rates.

Questions:

Why is the U.S. unemployment insurance system not equipped to face the current crisis?
Do you think the U.S. should take a more active role in Continue reading →

Coronavirus, Economics, Ethics, Global, Health, Labor Relations, Operations Management, Regulation, Unemployment

Bonus Chapter A: Business Law, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management

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Food Delivery Apps Often Make More Problems Than Profits

May 19, 2020

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Before the coronavirus pandemic, takeout and delivery orders made up just a small portion of total sales for most restaurants. With countless customers now homebound, though, to-go business has never been more important for eateries across the country. Many restaurants use apps like Grubhub, Seamless, or DoorDash to handle delivery orders, but these services come with quite a few problems for all their convenience. Besides signing up companies that don’t offer delivery, food startups have also deceived restaurants and Continue reading →

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