Open for Business : A Simulation for Student-Run Enterprises

by Slovacek, Cindy

• ISBN13: 9781593631154
• ISBN10: 1593631154
• Format: Paperback
• Copyright: 2005-01-01
• Publisher: Prufrock Pr

Summary

Give students an experience they won't soon forget-one that could launch them into careers as entrepreneurs. This easy-to-use simulation includes instructions for the teacher and reproducibles to help students organize their companies. While students enthusiastically delve into the world of free enterprise, they will be building decision-making, problem-solving, and interpersonal skills.This unit was developed to give upper intermediate and junior high students an introduction to owning and running a business. During the course of the unit, students will divide into groups (businesses) that will make a product and sell it to other students on campus. As they work together in their groups, they will be building skills in cooperation, compromise, decision making, and problem solving.Your students will be experts on planning for materials and facilities, securing capital, selecting a favorable location, creating advertising, bookkeeping, and practicing sales techniques!

Table of Contents

Information for the Instructor
About This Unit	p. 4
Student Objectives	p. 4
Sequence of Lessons and Activities	p. 5
Entrepreneur Role-Play Activity	p. 13
Student Reproducible Pages
Business Vocabulary	p. 14
Types of Businesses	p. 15
Steps to a Successful Business	p. 16
Beginning Your Business	p. 19
Transaction Record	p. 20
Rental Agreement (Sales Location)	p. 21
Equipment Planning	p. 22
Rental Agreement (Equipment and Utilities)	p. 23
Raw Materials Planning	p. 24
Purchase Order	p. 25
Advertising Rates	p. 26
Advertising Agreement	p. 27
Loan Application	p. 28
Loan Agreement	p. 29
Test	p. 30
Answers	p. 32
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