Today we are going to start with a video on Lousy Labels.
Questions
1. Why do companies use terms such as 'Natural' and 'Organic' when describing their product?
2. Is it legal for companies to say a product is 'natural' even if it mostly isn't?
3. Pick a product (preferably one that you actually use) that is 'natural'. Research to see how 'natural/or organic' it is. Explain what you find or don't find.
Have your ad submitted to Mr. Southwell and be done up to page 21 in the booklet.
Wednesday, 15 May 2019
Wednesday, 8 May 2019
Go to the this LINK. It is a list of 50 business ideas for teens. Pick one of the business ideas and imagine that you are going to start that business or someone you know is going to. Using your knowledge of business, work through the following questions with that business in mind. Use as many terms that you know that are relevant in your answers. Show what you know in your own words. Not cut and paste. This can be a business group assignment. Good luck!
1. What is the business idea?
2. What 'branding' would you do with that business or suggest someone else do? (you do not need to have a full brand plan but talk about it in general as it relates to the business)
3. What form of business ownership would be best for that business?
4. What would a good money plan be: where to get start up capital? What type of costs would be involved? Estimate a break-even point.
5. Briefly explain the business using each of the 4 p's.
6. Would there need to be employees? Why or why not? If yes, what management style would work best? What qualities would you look for in hiring?
(7). This will only apply to some businesses: What production methods would work best for making the products?
1. What is the business idea?
2. What 'branding' would you do with that business or suggest someone else do? (you do not need to have a full brand plan but talk about it in general as it relates to the business)
3. What form of business ownership would be best for that business?
4. What would a good money plan be: where to get start up capital? What type of costs would be involved? Estimate a break-even point.
5. Briefly explain the business using each of the 4 p's.
6. Would there need to be employees? Why or why not? If yes, what management style would work best? What qualities would you look for in hiring?
(7). This will only apply to some businesses: What production methods would work best for making the products?
Tuesday, 7 May 2019
Dragons Den
Talk on credit and credit cards, debt, bankruptcy and identity theft. LINK
Questions
1. What is the 20/10 rule of borrowing?
2. What is a credit rating and why is it important.
3. List some of the pros and cons on credit cards. (3 each)
4. What is bankruptcy and what are its consequences.
Talk on credit and credit cards, debt, bankruptcy and identity theft. LINK
Questions
1. What is the 20/10 rule of borrowing?
2. What is a credit rating and why is it important.
3. List some of the pros and cons on credit cards. (3 each)
4. What is bankruptcy and what are its consequences.
Monday, 6 May 2019
Wednesday, 1 May 2019
Activity (Module 5)
Vocabulary: Expenses, Revenue, Profit= Total Revenue -Total Expenses, Price and Break Even Point
CHALLENGE:
You are a business consultant. You are to determine the best price to sell the following product for. It is a 'hand crafted' keychain made with genuine leather and a individual wooden bead with a protective coating. Keep in mind all expenses, (material, shipping, labour time) as well at the break even point. (how many do they have to sell).
Hint: you can search Google or Etsy for ideas from similar products or Amazon or Michael's to get an idea on the cost of materials.
Vocabulary: Expenses, Revenue, Profit= Total Revenue -Total Expenses, Price and Break Even Point
CHALLENGE:
You are a business consultant. You are to determine the best price to sell the following product for. It is a 'hand crafted' keychain made with genuine leather and a individual wooden bead with a protective coating. Keep in mind all expenses, (material, shipping, labour time) as well at the break even point. (how many do they have to sell).
Hint: you can search Google or Etsy for ideas from similar products or Amazon or Michael's to get an idea on the cost of materials.
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