Count On It
This person kept track of the money at our store.
Who is the cashier?
A thing you can touch that can be bought or sold.
What are goods?
The Hot Chocolate and Rice Krispie Factory.
What is the name of our business?
Anywhere people buy and sell goods or services.
What is a market?
A person or business who buys goods or services.
What is a consumer?
A sheet that shows debits and credits.
What is a balance sheet?
Work done by someone that can be sold to another, like babysitting, or hair braiding and styling.
What are services?
A person who starts or operates a business.
What is an entrepreneur?
The amount of products and services available to buyers.
What is supply?
Someone who makes a good or provides a service.
Who are producers?
Money that our business has earned.
What is a credit?
A product or service required for living, like groceries or medical care.
What are needs?
A person who donates time or money to a business, or gives money to a business in hopes of earning some money back.
What is an investor?
How many people want or need something.
What is demand?
The amount of money people pay for a good or service, in our case - $1.00.
What is a price?
Money that our business has spent.
What is a debit or expense?
A product or service desired but not required for living, like toys or candy, or going to an amusement park.
What are wants?
What Crew 204 will purchase with the profits from our store business.
What are books?
An icy cold lemonade on a hot summer day that a lot of people want is an example of _______ _______.
What is an example of high demand?
The things producers use to create goods and services. For our factory, this included milk, cereal, chocolate, etc.
What are supplies or resources?
This is the money that Crew 204 has to keep after all our credits and debits.
What is a profit?
This document describes the way a business is going to run and how it will make money.
What is a business plan?
This man produces goods in a little round shape in this movement break we use in Crew 204.
Who is Joe in the Button Factory?
When a business owner takes away a product that does not sell well this is an example of ________
__________.
What is an example of low demand?
Word of mouth, flyers, banners, posters, tv, newspapers, radio, social media, newsletters.
What are types of advertising?