BU113: Critical Thinking and Communication in Business
Prof. Bauer-Ramazani

Marketplace (2/23)

On Monday (2/23) we will be holding the "marketplace" for BU 113 at 12:15 p.m. in the Farrell Room (SE 315).  Here's what you should have prepared:

Product/Service

• Each team will share a table with another team. 
• Be prepared to display and/or sell your product or service. 
• You  will also need to keep track of sales made during the event.  Have the following ready:
  • Flyers
  • Samples
  • Customer Order forms, listing
    • name of company and product
    • number of items ordered
    • customer's name
    • on-campus address/box number
    • telephone number
    • email address

Selling Shares of Stock

• Figure out how much start-up capital you need.
• Figure out how many shares (%) you want to sell to inside investors (% ownership among team members, % share of profits) and how many (%) to outside investors (business profs, other students for start-up capital).
• Prepare “stock certificates” (receipts) for investors.  See sample stock certificates from previous groups.
• Stock costs $.25 per share. 
• Each team must offer a minimum of 20 shares for sale to the public. 
• Students are required to purchase at least four shares of stock in companies other than their own. 
• Be prepared to keep a record of your investors (i.e. name, total # of shares, address, phone), provide change, and issue receipts and/or stock certificates.

“Stock certificates” or receipt of stock issue should indicate

• name of company
•  # of shares sold
• name of stockholder
• stockholder’s total investment in company in $$$ and in %

Capital-Inventory-Sales-Expenses Record Sheet

• Use the Capital-Inventory-Sales-Expenses Record Sheet for your group in Canvas > Collaborations to keep track of finances and sales on a Google spreadsheet, shared with your team and your professor. Keep your capital, sales, inventory, and cost data up-to-date by inputting information on an weekly basis. This is best done at group meetings so that there isn't conflicting information in the spreadsheet.