Health - McGraw-Hill Introduction to Business

Latest Stimulus Bill Looks to Provide Relief for American Households

March 18, 2021

Last week, Congress passed a $1.9 trillion stimulus package aimed primarily at easing the financial burdens that many Americans have felt during the pandemic. While previous stimulus bills were directed more towards businesses, this latest package provides $960 billion in aid towards individuals through $1,400 checks, unemployment coverage, and provisions for child care. The bill also includes tax credits as well as programs that seek to make rent, food, and healthcare more affordable.

According to economists, low-to-middle income Americans will Continue reading →

Coronavirus, Crisis management, Economics, Ethics, Health, Human Resources, Labor Relations, Layoffs, Regulation, Unemployment

Bonus Chapter A: Business Law, Chapter 10: Motivation, Chapter 11: Human Resource Management, Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 7: Management & Leadership

Looking Back on a Year of Covid-19 in the U.S.

March 11, 2021

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One year ago, the World Health Organization designated the coronavirus as a pandemic. Soon after that announcement, life in the U.S. changed utterly as offices, airlines, and professional sports leagues all came to a halt. And while the U.S. economy is beginning to recover as the vaccine rollout gains momentum, the coronavirus pandemic has had a seismic impact upon America and the rest of the world that will be felt for years to come.

More than 118 million cases of Continue reading →

Coronavirus, Economics, Ethics, Global, Health, Pandemic, Product Distribution, Stimulus

Bonus Chapter A: Business Law, Chapter 11: Human Resource Management, Chapter 15: Distribution, Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility

Gaming Consoles Claim Vital Microchips before Car Makers

January 14, 2021

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At the start of the pandemic, auto companies anticipated a drop in car sales that indeed lasted throughout spring and summer of 2020. As a result, manufacturers cut back on orders of expensive items like microchips while demand remained low. By the end of the year, though, auto sales bounced back quicker than expected, which sent car companies scrambling for supplies. But try as they might, none of the major firms could seem to secure the microchips they needed for Continue reading →

Coronavirus, Economics, Entertainment, Gaming, Global, Health, Manufacturing, Operations Management, Pandemic, Product Distribution, Supply & Demand

Bonus Chapter B: Technology and New Media, Chapter 15: Distribution, Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 3: Globalization, Chapter 9: Production and Operations Management

The U.S. Lost 140,000 Jobs in December 2020

January 12, 2021

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According to the Labor Department, the U.S. economy lost 140,000 jobs in December 2020 as businesses across the country continue to struggle during the pandemic. While restaurants and bars have been hit especially hard since winter weather has shut down outdoor dining, states have also laid off thousands of teachers and other public workers. All told, 9.8 million fewer Americans are working now than at this time last year.

And as long as the pandemic persists, it will be difficult Continue reading →

Coronavirus, Ethics, Health, Layoffs, Unemployment

Chapter 11: Human Resource Management, Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility

[VIDEO] The Logistics Behind the U.S. Covid Vaccine Rollout

December 16, 2020

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This video looks at how pharmaceutical companies like Pfizer and Moderna will distribute the Covid-19 vaccine in the coming months.

Questions:

Who will receive first priority for receiving the Covid-19 vaccine?
What sort of logistical issues are pharmaceutical companies expected to face while distributing the vaccine?

Coronavirus, Covid-19, Ethics, Global, Health, Operations Management, Product Distribution, Supply & Demand, Supply chains

Chapter 15: Distribution, 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

Online Shopping Expected to Drive Retailers’ Holiday Sales

December 3, 2020

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Black Friday began years ago as a one-day event where retailers across the country slashed prices to attract holiday shoppers into stores. Then the deals began to stretch into the weekend, then into Thanksgiving itself, and finally this year holiday sales spilled online into more than a weeklong extravaganza. With many retailers either remaining closed for indoor customers or open at limited capacity, experts expect that e-commerce will drive sales for many companies this holiday season.

Although foot traffic at Continue reading →

Coronavirus, E-commerce, Health, Holidays, Marketing, Product Distribution, Promotions, Retail

Bonus Chapter B: Technology and New Media, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Chapter 16: Place and Promotion, Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility

Rising Coronavirus Cases Leads to Stock Market Drop

October 27, 2020

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The stock market plunged in March as the coronavirus emerged in the U.S. but eventually recovered as some businesses reopened and consumers received economic relief. With cases once again on the rise, however, the combination of potential closings and a lack of another stimulus package caused the Dow to plummet by 650 points on Monday. “Financial markets are getting a reality check, as investors come to terms with the failure of Congress to agree to a pre-election stimulus package and Continue reading →

Coronavirus, Dow Jones, Economics, Ethics, Global, Health, Stimulus package, Stock Market

Bonus Chapter A: Business Law, Chapter 19: Securities Markets, Chapter 1: Taking Risks and Making Profits, Chapter 20: Money and Financial Institutions, Chapter 2: Economics, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility

Retailers Stock up on Seasonal Warehouse Workers

October 13, 2020

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As brick-and-mortar retailers struggle to make ends meet during the pandemic, e-commerce outlets like Amazon are thriving as consumers purchase more products from home than ever before. Experts expect that this trend will continue into the holiday shopping season, which can drive as much as 30 percent of retailers’ overall sales. So while companies would normally be hiring extra cashiers to prepare for Christmas, this year they’re bringing in warehouse workers to handle the high volume of online orders. Continue reading →

Coronavirus, E-commerce, Ethics, Health, Human Resources, Operations Management, Product Distribution, Seasonal hiring

Bonus Chapter B: Technology and New Media, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Chapter 15: Distribution, Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management

Costume Shops Struggle with Low Seasonal Sales

October 6, 2020

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October is usually the month that Halloween store owners look forward to all year round. Adult customers often spend well over $100 on costumes and accessories as they prepare for parties or haunted pub crawls. But with many of these social events now canceled due to the pandemic, Halloween stores are struggling to make up this essential source of revenue. At Lorenzo Caltagirone’s Virginia costume shop, for instance, sales are down 80 percent. “I’ve never been this worried before,” said Continue reading →

Coronavirus, Entrepreneurship, Halloween, Health, Marketing, Product Distribution, Seasonal, Supply & Demand

Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Chapter 16: Place and Promotion, Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 6: Entrepreneurship

Major Airlines Cut 32,000 Jobs as Relief Expires

October 1, 2020

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Back in March, airlines received $25 billion in relief so that workers could stay on the payroll as the coronavirus pandemic caused a massive disruption in world travel. But with that money now spent, major carriers had been hoping for another round of economic stimulus from the federal government as demand for travel remains low. Legislators have been unable to come to an agreement so far, however, leading American Airlines and United Airlines to announce that more than 32,000 employees Continue reading →

Airlines, Coronavirus, Economic Stimulus, Ethics, Global, Health, Labor Relations, Operations Management, Regulation, Travel, Unions

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