Entrepreneurship
What do you call an individual who comes up with an idea and starts a business?
An Entrepreneur
Explain what PROFIT is.
Profit is how much you make off the item.
Price you are charging - cost to make it = PROFIT
What was the name of the other competition that our school participated in along with the Invention Convention?
STEM Design Challenge.
What is the online software that we use to make sketches to 3D print?
Tinkercad
Name a favorite memory from this class.
Any ACCEPTABLE AND POLITE response works!
What is an entrepreneur?
What is a "target customer"?
The person/demographic you are marketing to. The person that you want to buy your item.
Where did the COUNTY WIDE Invention Convention take place?
The Rocky Mount Event Center.
What is the name/brand of our 3D Printer?
MakerBot
Name 3 different products we saw while watching Shark Tank.
Baby Toon, Wanna Date, Wise Owl Socks
Name 3 FAMOUS entrepreneurs and what they created. MUST HAVE BOTH.
Bill Gates (Microsoft), Steve Jobs (Apple), Jeff Bezos (Amazon), Elon Musk (Tesla), etc.
What is a written document from the SUPPLIER of the product, written to the BUYER in hopes that the buyer will want to invest in the business, or offer funding (money) to the SUPPLIER?
A business proposal
How many judges came to our schoolwide competition?
5 Judges
What is the material called that melts and creates your 3D Model? The colored stuff.
Filament
Name 2 judges from SHARK TANK?
Lori, Mr. Wonderful, Mark Cuban, Barbara, Daymond, Kevin
Name 3 characteristics an entrepreneur should have.
Perseverance, Determination, Resilience, Persistent, Consistent, Hard Working, Risk-Taker, Customer Oriented, etc.
What are 3 must have pieces for your business proposal?
Description, Competition, and Goals
What business sponsored our school for the Invention Convention?
What is a replica of a product which is used as an early model to test your product?
A prototype
Explain what happened in the video Lemonade War.
Lemonade War was a video about how government corruption affects small business.
Explain what supply and demand is?
The supply is how available the item is and the demand is how much it is wanted by the customers.
What is a COST ANALYSIS?
The breakdown of the cost of an item and the factors that go into the price.
What was the names of the products that won our SCHOOL invention convention?
Trashpo, Universal-X, Yoler
What do you have to save your file as in order for it to 3D print?
OBJ
How do you spell Ms. C's name?
CARNAHAN