Finance Project: differences between a regular bank, online bank (bank that does not have local branches only online) and credit union

For this assignment, you will research information online about the differences between a regular bank, online bank (bank that does not have local branches only online) and credit union. You will answer the following questions for each:

Part 1:

  • List each financial institution and its full URL and date retrieved. YOU CANNOT COPY/PASTE THE INFORMATION.
  • What services does the financial institution offer (checking, savings, certificates of deposits)?
  • What are interest rates, if any, are computed on checking, savings, certificates of deposits?
  • How long does it take before any interest is applied to your account?
  • List several types of fees (at least three)
  • Does the financial institution offer specials for customers?

Part 2:

Based on your findings, which would you use for financial institution and why? Make sure this answer is detailed.

Final Project
The final project will be answering the questions listed below in an outline form in Word. Possible points – 100. Please use Calibri or Arial as your font. For the font size, use 12 point. The final information provided should be more the one page of information. If you are working in a group, you must indicate the name of the student that worked on the specific question(s) below. You can include that information at the bottom of the outline. Even though there may be more than one person in your group,

Points will be deducted for spelling/grammar.

What to include in your project:

  • Company Name – 3 points
  • Industry (explain what kind of industry your company is in) – 2 points
  • A Mission Statement – 5 points
  • Management – would be the list of group members for the project or the individual student – 5 points
  • List tasks of each person (Levels of Management/Areas of Management – Chapter 6) – 20 points

     

    o Planning

    o Organizing o Directingo Staffingo Controlling 

  • List each individuals’ skills and why he/she was assigned to that particular area – 15 points

o If you have to makeup names for completing the final project, makeup information about each person’s skills to match the area you assigned.

  • A Marketing Plan/Strategies (Chapter 12) – 25 points (the books give great examples)
  • How would you market your business, explain how you would do the following:

 

o Marketing concepts

o Finding out what consumers need and wanto How to get the product(s) to the consumerso How to come up with new concepts to adapt to consumers’ needs 

• Social Networking Plan (Chapter 13) – 10 points

o What methods would you use to promote your business (give two examples and explain)

• A Finance Plan (Chapter 14) – 15 points

o Explain the importance of a financial plan in your business and what criteria would be used to determine the

plan.

 

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