Friday, April 13, 2012

Bloomberg Businessweek Report

Bloomberg Businessweek Report

Name:  Dhairya Patel         Date:  April 10, 2012  

Headline: How much is a tweet worth?

Reporter or reporters: Drake Bennett

Date article was published or posted: April 10, 2012

Respond to the Reading

1. What did you learn from the article?

I learned that each tweet makes twitter approximately one tenth of cent. I was unaware of this until I read this article and I found this to be extremely remarkable.

Recall the Facts

2. Who or what are the main subjects of the story?

The main subject of this story is how much money social networking companies make off singular posts and user accounts for every consumer that signs up.

3. What businesses or industries are discussed in the story?

Social networking companies such as Twitter, Facebook, Tumbler, Myspace etc.

Think Critically

4. What types of businesses might be interested or affected by the story's outcome? Why?

Users of the social networking sites would be interested in the article as well as companies that use the social networking sites for advertising. This article provides information to other companies about the prices that their competitors are charging.

5. If you were to write a follow-up story to this article, what questions would you ask?

I would ask what kind of total profit different social networking companies made as well as the expenses they put back into the functioning of the website.
Business Vocabulary

Compile a list of business terms that are used in the article. Using a dictionary or the Internet, write down the terms' definitions in the space provided. (Use additional paper if necessary.)

Business Term Definition
companies A commercial Business
calculations A mathematical determination of the size or number of something
valuations An estimation of something's worth
revenue A measure of income to a company
commodities A raw material or primary agricultural product

Career Exploration

Choose one career that is described in the article. For that career, list what skills are required and which classes in school can help you develop them.

Career Skills Required Classes
Mathematics Math
Problem solving Math
Thinking out of the box Entrepreneurship
Calculating revenue Accounting
Communication English

Thursday, April 12, 2012


By: Dhairya Patel & Jacob Morrison (Partners)

Product Name: Warm-Hot

Product: This product looks similar to a refrigerator, however the usage will be completely opposite. Instead of keeping your food cold, Warm-Hot will keep your food warm or hot.

Price: $69.99-$499 depending on size and brand.

Promotion: TV commercials, Billboards. This product does not need to be promoted as much because it is developed to be a normal household item which everyone citizen would be aware of.

Place (Distribution): Produced and distributed in Canada. Having a factory in Canada will reduce our distribution cost. Once revenue rolls in, we will develop our company world-wide.

Customers (Target Market): Women ages 30-60, University teenagers 18-30. Mostly women will use this product and teenager who live at campus or by themselves.

Competition: Microwave/Oven companies.

This product will certainly be unsuccessful in the Canadian market. Every household already has an oven and a microwave which can make their food warm anytime they want, therefore why would they bother purchasing our product. Also, most of the food products are either supposed to stay cold or remain at a room temperature. The lack of food items that require a hot temperature reduce the usage of our product. In conclusion, this product is very lame and will be the biggest fail of the year that it's introduced in.