1
00:00:00,000 --> 00:00:07,059
Hello, my friends. Well, this is the last social science unit of the year, the last science unit at all.

2
00:00:07,500 --> 00:00:10,580
It's called money and business. So here we go.

3
00:00:11,900 --> 00:00:14,679
First question, what can I do with my money?

4
00:00:14,880 --> 00:00:21,920
First of all, you need money. You can earn, ganar, obtener money by working or you can be given it.

5
00:00:22,120 --> 00:00:23,660
Once you get money, what can you do?

6
00:00:23,660 --> 00:00:43,899
You can spend it, for example, buying an ice cream. You can donate it. You can save it at home. Or you can invest it. Lo puedes invertir. You give the money and you obtain benefit from it. You can obtain benefit from a bank, from a company. It depends.

7
00:00:43,899 --> 00:00:51,899
Well, talking about what can you do with your money, to know better what you do, you can create a budget.

8
00:00:51,899 --> 00:00:55,899
A budget can help us manage our money. A budget is un presupuesto.

9
00:00:55,899 --> 00:01:03,899
And how it works? Very easy. You write the income and the money you expend.

10
00:01:03,899 --> 00:01:10,900
OK, so imagine you receive five euros. So you got a total of five euros.

11
00:01:10,900 --> 00:01:35,060
Then you clean the kitchen and your mother or your father gives you another 2. So now you got 7, which is 5 plus 2, 7. Now you decide to buy a comic. So you spend 1.50. So 7 minus 1.50, you got 5.50 now.

12
00:01:35,060 --> 00:01:48,939
And you also decide to buy some sweets. 250 euros. 550 minus 250, now you got 3 euros. This way you can control what you spend and what you receive.

13
00:01:48,939 --> 00:01:53,980
Imagine you clean a car and your mother, your father gives you another 4 euros.

14
00:01:54,439 --> 00:01:57,219
3 plus 4, now you got 7.

15
00:01:57,920 --> 00:02:05,459
And you also get another 5 euros because your grandfather or your grandmother gives you some money.

16
00:02:05,599 --> 00:02:10,360
So 7 plus 5, now you got 12.

17
00:02:11,000 --> 00:02:15,280
And you buy an ice cream because it's too hot, so you spent 2 euros.

18
00:02:15,280 --> 00:02:18,620
So 12 minus 2, now you got 10.

19
00:02:18,939 --> 00:02:36,039
This is how a budget works. For example, this is for a week for this week from Saturday to Sunday. Presupuesto. More concepts. How can I get more for my money? You get some money.

20
00:02:36,039 --> 00:02:42,599
So when we shop, it's important to know what we want to buy and how much money we have.

21
00:02:42,599 --> 00:02:51,900
Be careful with these special offers, bargain, sale, 50% off, 70% off.

22
00:02:52,039 --> 00:02:52,919
Be careful with that.

23
00:02:53,400 --> 00:02:53,639
All right.

24
00:02:54,300 --> 00:02:56,919
Let's pay attention to some concepts you get here.

25
00:02:57,060 --> 00:03:03,180
You get sales, las rebajas, a period of time when shop sells products at a discounted price.

26
00:03:04,139 --> 00:03:08,680
Bargain, un chollo, una ganga, something on sale at a lower price, it's true value.

27
00:03:09,639 --> 00:03:13,020
Deal, when you agree to pay a low price for something.

28
00:03:13,580 --> 00:03:17,259
And finally, a discount, which is a reduction in the usual price.

29
00:03:19,259 --> 00:03:29,580
Well, now for who does what in a business, for talking about businesses, I prepared the picture that you got in your book.

30
00:03:29,580 --> 00:03:43,120
Pay attention to the bold letter, okay, la letra enegrita, okay, because with this you got all the types of business you can have.

31
00:03:44,080 --> 00:03:49,919
Sole trader, someone who runs his or her own business, only one person.

32
00:03:50,719 --> 00:03:58,479
a family business a private company owned by a grandfather the father the son the mother the

33
00:03:58,479 --> 00:04:04,479
daughter okay family business then partnership is when two or more people own a business and they

34
00:04:04,479 --> 00:04:09,039
share all expensive and benefits if you want to start a business with some friends imagine you

35
00:04:09,039 --> 00:04:16,639
too so you pay the expenses and you receive the benefits at the same at the same amount then

36
00:04:16,639 --> 00:04:22,740
Then, a franchise, una franquicia, a private company that pays fees to a mother company

37
00:04:22,740 --> 00:04:26,160
in order to use their brand name to distribute their products.

38
00:04:26,160 --> 00:04:32,600
If you think about most of the fast food restaurants that you know, most of them are franchises,

39
00:04:32,600 --> 00:04:33,600
franquicias.

40
00:04:33,600 --> 00:04:39,160
Then, a company in general, a business owned by a group of people called shareholders,

41
00:04:39,160 --> 00:04:43,879
and a multinational, a company that operates in several countries, in Spain, in France,

42
00:04:43,879 --> 00:04:50,600
United States United Kingdom in Australia in South Africa and Brazil and multi multinational

43
00:04:51,879 --> 00:04:59,079
then if you look at this here one two three and several and this one that I'm making this

44
00:04:59,079 --> 00:05:04,839
appear because I'm in the middle are different categories of people that work in a company

45
00:05:05,560 --> 00:05:12,839
first you got the CEO the chief executive officer is the main boss and makes all the decisions

46
00:05:12,839 --> 00:05:19,480
then you got financial officer that carries the finances the chief of operations that carries

47
00:05:19,480 --> 00:05:24,120
uh responsible for everything else and then you got different departments for example

48
00:05:24,680 --> 00:05:28,279
departamento de ventas sales finance human resources

49
00:05:30,279 --> 00:05:37,560
administration information technology marketing and well then you got general managers

50
00:05:37,560 --> 00:05:45,560
and staff staff is a personal and that's they are in the lowest part at the bottom and from the ceo

51
00:05:45,560 --> 00:05:52,680
which is who is at the top then how do i run a successful business imagine you want to start

52
00:05:52,680 --> 00:05:58,839
your own business you have to pay attention to the costs and you have different types of costs

53
00:05:59,720 --> 00:06:06,439
first the startup costs things you must pay for get your business start for example a place

54
00:06:06,439 --> 00:06:09,959
Imagine you're going to sell food, so you need a license to sell food.

55
00:06:10,779 --> 00:06:16,939
Equipment, if you sell food, you need a refrigerator, so you have to buy all these things before you start the business.

56
00:06:17,579 --> 00:06:23,000
Then in number two, you've got the ongoing costs, things for which you must pay all the year, every month.

57
00:06:23,379 --> 00:06:30,540
The salaries, if you've got two, three, four people working for you, you have to pay the salaries.

58
00:06:30,540 --> 00:06:37,379
and then other things like electricity the telephone internet things you need

59
00:06:37,379 --> 00:06:41,879
for your business finally in three you get the variable costs cost that may

60
00:06:41,879 --> 00:06:46,120
change according to how many sales the business makes imagine you sell a lot so

61
00:06:46,120 --> 00:06:51,300
you need to buy a lot of new materials if you say less you don't need to spend

62
00:06:51,300 --> 00:06:56,860
that much on those variable costs if you want to give more money like a

63
00:06:56,860 --> 00:07:03,740
commission to your to your workers because you they behave very good and they say and they sell

64
00:07:03,740 --> 00:07:11,100
a lot so you give them more money so these are the three types of costs if you run a successful

65
00:07:11,100 --> 00:07:18,060
business exitoso this is the units money and business i know the video is a little longer than

66
00:07:18,060 --> 00:07:25,019
usual but it's not too difficult some different definitions and concepts if you don't understand

67
00:07:25,019 --> 00:07:32,220
some of them please try to translate and ask to your teachers all right well i'll see you soon

68
00:07:32,220 --> 00:07:33,339
goodbye