Market Day Basics
What is Market Day in 3DE?
A school event where students create and sell a product or service to test a business idea.
What is a business idea?
A product or service you plan to sell.
What does EOPA stand for?
End of Pathway Assessment.
What is data?
Information collected to help make decisions.
What is marketing?
Promoting a product to customers.
Why does 3DE students participate in Market Day?
To gain real world business experience and apply classroom learning.
What is a startup cost?
The money needed to begin a business.
Why is the EOPA important?
It measures the knowledge and skills learned in the pathway.
Why do students collect data before Market Day?
To see if people would buy the product.
Who are customers?
People who buy the product.
Name one responsibility students have on Market Day
Selling products, handling money,marketing,or talking to customers
Why pricing is important in a business?
It affects profit and customer interest.
How does Market Day connect to the EOPA?
It applies business and data concepts tested on the EOPA.
What is a survey?
A set of questions used to collect data.
Name one way to attract customers on Market Day.
Posters, pricing deals, or friendly service.
How does Market Day help prepare students for future careers?
It builds skills like communication, teamwork, and problem solving.
What happens if prices are too high?
Practice Question: A planning tool used to analyze an organizations strengths, weakness, opportunities and threats
SWOT Analysis
How can statistics help a business succeed?
By predicting demand and customer preferences.
Why is customer feedback important?
It helps improve the product or business.
What makes Market Day different from a regular school project?
Students sell real products to real customers using real data.
Why is planning important before Market Day?
It helps reduce losses and increases success.
Practice Question: The process of preparing alternative courses of action that may be used if the primary plans don't achieve the organizations objectives
Contingency Planning
What could happen if a business succeed?
It would fail or lose money.
How can data help improve marketing?