Wants that are shared by an individual, family, group or business
What are Private Wants
100
What you give up when you make one choice instead of another?
What is Opportunity Cost
100
How many parts are there to a business plan?
What is 11
100
What is the motive of any business?
What is Profit
200
What are three examples of resources?
What is Money, Fuel, Labor, Buildings, Land, etc.
200
Items that people can use to make or obtain what they want or need
What is Resources
200
What is the first step of the Decision Making Process
What is Identify the Situation
200
What is the page limit on the executive summary?
What is No more than 2 pages
200
How do businesses negatively affect their consumers?
What is by discontinuing products, moving stores
300
Businesses provide ________ _____ ________ to satify..
What is Wants and Needs
300
helps you identify and consider your various alternatives and their consequences before you make a final decision
What is Decision Making Process
300
What is the 3rd step of the decision making process?
What is Determine the Pros and Cons
300
What is the complement of a printer?
What is paper
300
What are 4 things you need to consider when deciding a career path?
What is:
What you would like to gain,
What you would like to give,
Lifestyle you would like to live,
Your skills,
Your personality,
Your interests,
The job market
400
4 examples of a service business
What is Tax Preparer, Sports and Entertainment, Restauraunt, Education, Banks, Tourism
400
Any commercial activity that seeks profit by providing goods and services to other in exchange for money
What is Business
400
What influences the decision making process?
What is Values and Goals
400
What does the Contingency Plan evaluate?
What is the likely risks of the business
400
How does a business making profits benefit the community?
What is pays taxes, provides jobs
500
Name 5 resources that a school would need to start up
What is Money, Land, Building, Things to make a building, Computers, Teachers, students etc
500
Establishes the scope and purpose of a company and reflects its values and beliefs
What is Vision Statement
500
What questions would you ask yourself to evaluate your decisions?
What is
Did you get the results you expected?,
Would you make the same choice again?
500
What does the competitive analysis look at?
What is How your business has a competitive edge over it's competitors
500
How is competition possible?
What is Businesses have the freedom to produce what they want & Consumers have the freedom to buy what they want