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Okada Manila is a luxury integrated resort and casino located in Parañaque City, Metro Man, Cheat Sheet of Marketing

Far Eastern University (FEU)Marketing

Okada Manila is a luxury integrated resort and casino located in Parañaque City, Metro Manila, Philippines.

Typology: Cheat Sheet

2022/2023

Uploaded on 09/30/2023

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LAS No. 1
FEU ROOSEVELT
CVIF-Dynamic Learning Program
LEARNING ACTIVITY SHEET
Name: _______________________________ Date: _____________
Year and Section: _____________________
Program: BSBA BSIT BSHM BSTM BECEd BEEd BSEd
Course: Elective 1 Personal Finance
Type of Activity: ✔ Concept Notes Skills: Exercise/Drill Illustration
Performance Task Essay/Report Others: ______________
Activity Title: Is it Worth It?
Learning Target: I will be able to Introduce opportunity costs with applications for career choices.
References (Author, Title, Pages, website): McGrawHill
Concept
Career is a commitment to a profession that requires continued training.
Opportunity Costs represents the benefits or value of what you give up when you choose one option over
another
Trade-offs of Career Decisions
•Career choice and professional development alternatives have risks and opportunity costs.
•Career choices require periodic evaluation of trade-offs related to personal, social, and
economic factors.
•Skills gap is the difference between skills needed by employers and the skills possessed by
applicants.
Illustration/Example
Imagine you have two job offers:
Job A pays a lot of money but requires you to work long hours, leaving you with less free time for hobbies and
family.
Job B pays less, but you have more free time to spend with loved ones and do things you enjoy.
Here are the trade-offs:
If you choose Job A for the high salary, you gain more money but give up time for personal life.
If you choose Job B for more free time, you gain personal time but might have less money.
Questions/Exercises:
Read each scenario below and find two opportunity costs for each situation.
1. Sally just completed a 4-year degree in Marketing and has two student loans she must begin paying
back in three months. After graduation, Sally decides to devote two years to The Peace Corp.
- Sally's opportunity cost of joining The Peace Corps for two years after her Marketing degree is
the potential income, she could have earned in the job market during that time, which may
impact her financial stability and ability to repay student loans promptly.
SCORE
________
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Download Okada Manila is a luxury integrated resort and casino located in Parañaque City, Metro Man and more Cheat Sheet Marketing in PDF only on Docsity!

LAS No. 1

FEU ROOSEVELT

CVIF-Dynamic Learning Program LEARNING ACTIVITY SHEET Name: _______________________________ Date: _____________ Year and Section: _____________________ Program:BSBABSITBSHMBSTMBECEdBEEdBSEd Course: Elective 1 Personal Finance Type of Activity: ✔ Concept NotesSkills: Exercise/DrillIllustrationPerformance TaskEssay/ReportOthers: ______________ Activity Title: Is it Worth It? Learning Target: I will be able to Introduce opportunity costs with applications for career choices. References (Author, Title, Pages, website): McGrawHill Concept Career is a commitment to a profession that requires continued training. Opportunity Costs represents the benefits or value of what you give up when you choose one option over another Trade-offs of Career Decisions

  • Career choice and professional development alternatives have risks and opportunity costs.
  • Career choices require periodic evaluation of trade-offs related to personal, social, and economic factors.
  • Skills gap is the difference between skills needed by employers and the skills possessed by applicants. Illustration/Example Imagine you have two job offers: Job A pays a lot of money but requires you to work long hours, leaving you with less free time for hobbies and family. Job B pays less, but you have more free time to spend with loved ones and do things you enjoy. Here are the trade-offs: If you choose Job A for the high salary, you gain more money but give up time for personal life. If you choose Job B for more free time, you gain personal time but might have less money. Questions/Exercises: Read each scenario below and find two opportunity costs for each situation.
  1. Sally just completed a 4-year degree in Marketing and has two student loans she must begin paying back in three months. After graduation, Sally decides to devote two years to The Peace Corp.
  • Sally's opportunity cost of joining The Peace Corps for two years after her Marketing degree is the potential income, she could have earned in the job market during that time, which may impact her financial stability and ability to repay student loans promptly.

SCORE

________

  • Another opportunity cost is the delay in gaining industry experience and career advancement opportunities that Sally might miss out on by not immediately entering the workforce after graduation, potentially affecting her long-term career prospects.
  1. Joe always must have the latest and greatest technology even as a college student responsible for paying his own tuition. In the past six months, Joe has upgraded his cell phone before his contract was up for renewal, bought a brand-new laptop, and purchased a 72-inch high-definition television with a new gaming system. To fund these purchases, he works 30 hours each week at a local bakery.
  • Joe's opportunity cost of constantly upgrading his technology and working long hours at the bakery is the potential accumulation of debt or limited financial resources for his college tuition and future educational opportunities.
  • Another opportunity cost is the time Joe spends working at the bakery to afford these purchases, which could otherwise have been invested in academic and extracurricular activities that enhance his college experience and future career prospects.
  1. Cameron works as a journalist from home and enjoys spending time with his wife and four kids. He decides to take a job in a city 30 minutes away at twice the salary.
  • Cameron's opportunity cost of taking the higher-paying job in the city is the reduced time he'll have to spend with his wife and four kids due to the longer commute.
  • Another opportunity cost is potentially sacrificing the comfort and flexibility of working from home for the increased income and career prospects in the city.